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In this video, Paul Rabelais, an estate planning attorney, discusses a lesser-known aspect of naming a living trust. He explains that many people establish revocable living trusts to ensure their assets are managed within the trust upon their death, which helps avoid probate or succession proceedings that involve court and attorney fees. By naming a successor trustee—often a child or children—individuals can ensure the seamless distribution of trust assets to beneficiaries without court involvement. He emphasizes the importance of correctly titling the trust and the assets within it to facilitate this process and prevent any complications related to probate.
