Should he put his primary residence in to LLC?

A friend of mine owns a single family residence in WA state where homestead exemption is $125000.

Value is about $225000

Can someone explain what are the advantages and disadvantages? and answer my questions below?

1. I found that it provides protection against liabilities but if this person does not have any other significant assets other than this house - there is not much advantage on this point correct?

2. What about the tax benefits? He is not renting at the moment or neither have any mortgage.....so are there any other tax advantages if he put in to LLC?

3.if home is put in LLC ..does he loose homestead exemption?

4. are there any tax advantages if he sells through LLC ?

also are there any tax advantages if he gifts this property to a family member through LLC ?

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