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In the video, the first key point discussed is that language distributing trust assets should not be included in a last will and testament. This applies to individuals with a revocable living trust. For instance, a father who established a revocable trust and transferred his house into the trust should avoid specifying distributions of that asset in his will. If he names his son Enrique as the recipient of the house in the trust documentation, any mention of that distribution in the will could create confusion or conflicts. The video emphasizes the importance of keeping trust assets and distributions solely within the trust to ensure clarity and proper execution of estate planning.