My father-in-law is about out of money but has $175K in equity in home. He has the beginning of Alzheimer's and can't make decisions on his own. My husband has durable power of attorney and has been taking care of all finances for several years. He is also sole beneficiary in the Will. We want to move him into an assisted living/memory care facility and rent his home out so that he'll have income to add to social security to help pay for facility. We will cover the 'shortage' each month. We want to put the house in a trust and/or LLC for protection since we'll be renting it out. We also don't want to leave it to go through probate after his death. I hear that can take months and I'm not sure how that all works when you have a tenant.