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In this video tutorial, Paul Rabelais discusses the often confusing topic of irrevocable trusts. He explains that trusts are classified as either revocable or irrevocable, with revocable trusts being the most popular for avoiding probate. Revocable living trusts allow individuals to maintain control over their assets during their lifetime, facilitating easier access for families after death without legal complications. In contrast, irrevocable trusts serve various purposes, such as tax avoidance, asset protection from lawsuits, or as part of estate planning. Rabelais emphasizes that the video will focus on the characteristics and implications of irrevocable trusts, rather than revocable ones.