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In this video, estate planning attorney Paul Rabelais discusses the importance of properly naming or titling a living trust. He explains that many individuals create revocable living trusts to ensure that their assets are titled in the name of the trust, which helps these assets avoid probate or court-supervised processes after death. By designating a successor trustee, typically a child or adult children, the assets can be distributed to beneficiaries without the need for attorney intervention or court involvement. He emphasizes that when establishing a living trust, selecting an appropriate name or title for the trust is crucial for effective estate planning.
