Partnerships are not typically used for estate planning purposes, as they can be dissolved upon the death or withdrawal of a partner.

A revocable living trust is primarily used to avoid probate, which is the legal process of distributing a deceased person's assets.

A trust typically gives up control of assets to the trustee, so maintaining control over assets during life is not a benefit of using a trust.

The executor is responsible for managing the deceased person's assets, distributing them to beneficiaries, and paying the deceased person's debts and taxes.

Charitable trusts are not typically used in estate planning for real estate investors, as they are designed to benefit charitable organizations.

A QPRT is designed to reduce estate taxes on a personal residence by transferring ownership of the residence to a trust while still allowing the grantor to live in the residence for a specified period of time.

REITs are not typically used for estate planning purposes, as they are designed for public investment and are subject to various regulations.

A tenancy in common allows for joint ownership of property and provides for the automatic transfer of ownership to the surviving co-owner upon the death of one co-owner.

Selling the vacation home and investing the proceeds in a diversified portfolio is not typically considered an estate planning strategy, as it involves liquidating an asset rather than transferring ownership or managing it for future generations.

The GSTT is designed to reduce estate taxes on transfers of wealth from one generation to the next, particularly to grandchildren and great-grandchildren.

Selling the business and investing the proceeds in a diversified portfolio is not typically considered an estate planning strategy, as it involves liquidating an asset rather than transferring ownership or managing it for future generations.

A buy-sell agreement is designed to ensure that a business continues to operate after the death or disability of an owner by providing a mechanism for the transfer of ownership to a successor.

A QPRT is not typically used for estate planning purposes for individuals with a large estate, as it is designed to reduce estate taxes on a personal residence, which is typically not a significant asset for individuals with a large estate.

A CRT is designed to reduce estate taxes on a charitable gift by allowing the grantor to receive income from the trust during their lifetime and then transferring the remaining assets to a charity upon their death.

A QPRT is not typically used for estate planning purposes for individuals with a small estate, as it is designed to reduce estate taxes on a personal residence, which is typically not a significant asset for individuals with a small estate.