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Paul Rabelais, an estate planning attorney, discusses the process of amending, modifying, or revoking a revocable living trust. Many individuals in Louisiana and across the U.S. establish revocable living trusts to simplify estate settlement after death. By placing assets in a trust, these items bypass the court process, reducing the need for lawyers and minimizing delays and expenses for survivors. The trust outlines the distribution of assets upon death and designates a trustee to manage these distributions. This structure often serves as a replacement for a traditional will.
