Which of the following is NOT a criterion for a "qualified home"?

The correct choice is based on the fact that having a property in a trust is not a criterion that determines whether a home qualifies as a "qualified home" for tax purposes. A "qualified home" typically refers to residences that may qualify for specific tax deductions, such as mortgage interest deductibility under the Internal Revenue Code.

For a home to qualify, the resident must live in the property, which ensures it is used as their primary dwelling, thus making option A a necessary criterion. Additionally, the home is intended for personal use rather than for rental, which supports the primary dwelling requirement stated in option B. While many homeowners benefit from having a mortgage, it is not a requirement for defining a "qualified home." Therefore, the ownership structure, such as having the property placed in a trust, does not impact whether the home meets the necessary qualifications for tax benefits.

Therefore, option C accurately reflects an aspect that is not necessary for a home to be considered "qualified" in this context.