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In this video, Paul Rabelais, an estate planning attorney, discusses the lesser-known aspects of naming a living trust. He explains that many people establish revocable living trusts to transfer assets into the trust's name, thereby avoiding probate or court proceedings after death. This setup allows for easier asset distribution to beneficiaries through a designated successor trustee, often a family member, without the need for court or attorney involvement. Rabelais emphasizes the importance of correctly naming the trust and aligning assets with the trust title to ensure efficient management and distribution upon death.
