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In this video, estate planning attorney Paul Rabelais discusses the importance of naming or titling a revocable living trust. He explains that many people create these trusts to avoid probate, a court-supervised process that involves lawyers and can be time-consuming. By having a living trust, assets are titled in the trust’s name, allowing for a smoother transition upon death. The trust allows for a designated successor trustee—often a child—to distribute assets to beneficiaries without court involvement. Rabelais highlights that every living trust must have a name or title, particularly for assets that would otherwise go through probate.
