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Paul Rabelais, an estate planning attorney, discusses the key to naming or titling your living trust in this video. Many people opt for revocable living trusts to avoid court-supervised probate or succession proceedings. Assets in a trust are managed by a successor trustee, often a child, who can distribute the assets to beneficiaries without involving attorneys or courts. Naming your trust is essential, as it determines how assets are transferred and managed upon your death.
