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In this tutorial, Darcel Lobo discusses the importance of funding a revocable living trust as part of estate planning. A revocable living trust is a legal document that facilitates the distribution of assets without going through probate, which is a primary advantage for clients. To ensure the trust functions correctly, it must own the assets intended for it. Lobo emphasizes that when creating a revocable living trust, it is crucial to fund it with the client's assets, such as real estate, to avoid probate complications. The presentation will detail the steps and considerations involved in funding the trust properly.
