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In this video, estate planning attorney Paul Rabelais discusses a lesser-known aspect of naming a living trust. He explains that many people establish revocable living trusts to title their assets under the trust's name, ensuring these assets avoid probate, which is a court-supervised process. By doing so, the assets can be transferred directly to beneficiaries without the need for attorney involvement. When creating a living trust, it's essential to choose a name for the trust and appropriately assign a successor trustee, often a child, who will be responsible for managing the trust and distributing assets upon the trust creator's death, thus streamlining the process for beneficiaries.