When to transfer a rental to a Living Trust

[Jon Quigley]

Hello,

  I recently finished my first deal on a buy & hold and will have it rented soon.   Separately I already have a living trust setup for general estate mgt.   A few questions I have are a) Should I deed the property to the trust and does this protect me from potential litigation b) How to do this - is it as simple as filing a document and recording it with the county and does it affect dwelling insurance c) what are the pros/cons and d) does it create any headaches when the time comes to sell the property?  thanks in advance.