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In this video, Paul Rabelais, an estate planning attorney, discusses the importance of naming or titling your living trust. Many people opt for revocable living trusts to avoid probate or succession proceedings when they pass away. Assets in a trust can be dispersed to beneficiaries without court involvement. It is crucial to name a successor trustee who can manage these assets. When setting up a living trust, a name or title must be assigned to the trust and its assets to facilitate the transfer of assets upon death.
