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In this video, Paul Rabelais, an estate planning attorney, discusses the importance of properly naming a revocable living trust. He explains that many individuals establish living trusts to ensure that their assets are titled under the trust's name at the time of their death, allowing those assets to bypass probate, which is a court-supervised process requiring attorney involvement. By doing this, the designated successor trustee—often a child—can distribute the assets to beneficiaries without legal complications. Rabelais emphasizes that a living trust must have a name or title, along with the assets that would otherwise go through probate if not properly managed within the trust.
