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You really don't want to be a trustee of the trust. Being trustee and having control of a trust, even if the trust is irrevocable, creates the risk that your trust would be considered a "grantor's trust." If so considered, you would then be considered to still own the property because of your control over the trust. There is really no benefit to taking this risk when being trustee does not really provide any benefit to you. You've already started the clock on the 5-year look back by transferring the property to the irrevocable trust. There's really no upside to you taking on this risk.
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Thanks for following up. I'm sorry for the delay in responding. Daily run! Thanks for your patience and I apologize for any inconvenience! No...not at all. The property is owned by the trust, not your sons. And, so, it's only the trust that needs to buy insurance on the property!