Trusts are legal entities commonly used by real estate investors for estate planning, privacy, and asset protection. A revocable living trust allows property to transfer to beneficiaries without probate upon the investor's death. Land trusts, popular in states like Illinois and Florida, provide privacy by keeping the investor's name off public records. Irrevocable trusts can offer asset protection and estate tax benefits but sacrifice the grantor's control over the property. Each trust type serves different strategic purposes, and investors with growing portfolios should work with an estate planning attorney to integrate trusts into their ownership structure.