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In this video, Paul Rabelais, an estate planning attorney, discusses the importance of naming or titling a living trust. He explains that many individuals create revocable living trusts to have their assets titled in the trust's name, which allows these assets to bypass court-supervised probate or succession proceedings upon their death. Instead of going through court, a designated successor trustee—often a child or trusted individual—can distribute the trust's assets directly to beneficiaries. Rabelais emphasizes that every living trust needs a name or title, especially for assets that would otherwise require probate if left unaccounted for.
