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In this video, estate planning attorney Paul Rabelais discusses the importance of appropriately naming a revocable living trust. He emphasizes that many individuals establish these trusts to ensure their assets are titled in the trust's name, allowing them to bypass probate after death. By doing so, beneficiaries can receive assets without the involvement of attorneys or court proceedings. Rabelais highlights the role of a successor trustee, typically a child or children, who will manage and distribute the trust assets to beneficiaries after the grantor's death, maintaining a streamlined process that avoids probate complications. Proper titling of the trust and its assets is crucial in this planning.