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In this YouTube video, Paul Rabelais, an estate planning attorney, shares a little-known secret to naming or titling your living trust. Setting up a revocable living trust ensures that assets are titled in the name of the trust to avoid court-supervised probate proceedings. By naming a successor trustee, such as a child, to disperse assets to beneficiaries without legal involvement, individuals can streamline the transfer of assets. When setting up a living trust, it is crucial to carefully choose a title for the trust to ensure a smooth process for distributing assets.
