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In this video, estate planning attorney Paul Rabelais discusses the importance of naming your revocable living trust. He explains that many people establish living trusts to ensure their assets are titled in the trust's name, which helps avoid probate or court proceedings after their death. This process allows for a smoother transfer of assets to beneficiaries without the involvement of attorneys or the court system. Rabelais emphasizes the need to designate a successor trustee, such as a child, who will manage and distribute the trust's assets to beneficiaries upon the individual's death. Properly naming the trust is a key step in effective estate planning.
