Transferring Property to Trust

[Carley M.]

Cross posting this ...

I have an adult special needs son. I bought a 4-unit property for him to live in (I occupy one unit as well) and so that when I die, he will have an income stream above and beyond his Disability payments. In order to protect him from losing his benefits, I need to put the house (and life insurance) to pay into a special needs trust for his benefit. I'm hiring a local trust attorney to navigate the legal stuff.

Have you moved your properties into a trust (even if not special needs)? What pointers can you give me? What do I need to make sure is covered? What is the one thing you wish you had known when you set up your trust?

Thank you in advance for your advice!