I agree with putting it in a trust with you as the trustee and beneficiary. 

Setting the DAF to be the beneficiary of liquid assets is simple.   

They are just partnerships with local teams and the true beneficiaries here are FS and the teams at your expense.

On the lending front, it all depends on what entities are the beneficiaries.

So my insurance broker says he cannot be added.My attorney advises I should maintain the previous insurance plus setup a new one under the LLC in FL who is the beneficiary of the Trust and then to add the Trust as additionally insured.But i would like to avoid double paying for insurance.Will you guys please advise on how to go about doing this?

Obtain a new policy under the FL LLC (the beneficiary of the Trust).3.

@Steve Smith do you create an LLC to be the beneficiary of the trust?

My daughter is the sole beneficiary of all my belongings upon my death.

I have plans to purchase a stable of these cash cows if it makes sense, but this thread does give me pause, especially as I'm sitting on another lump of cash ready to invest in my second property and want to make sure it's going towards my goal and not away from it.To be honest my hope is to eventually get a team on the ground in some city so I could be the beneficiary of the improved equity by renovating rather than paying it to Clayton, but in the absence of time / ability right now and wanting to get cash flow going Im willing to pay for a (good) service to help me accomplish my goals.

The declaration identifies the would-be buyer as trustee; and the current owner as the beneficiary of the trust.