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In this video, estate planning attorney Paul Rabelais discusses the essential yet often overlooked aspects of naming or titling a living trust. He emphasizes the importance of setting up revocable living trusts to ensure that assets are managed and distributed without the need for court supervision or attorney involvement after death. A key component of this process is designating a successor trustee, typically a child or children, who will handle the distribution of assets to beneficiaries directly from the trust. Properly titling the trust and its assets is crucial, as it determines what will be bypassed from probate, streamlining the transfer process.
