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Darcel Lobo discusses funding a revocable living trust in this tutorial. A revocable living trust is an estate planning document that enables asset distribution without the need for probate, making it an attractive option for clients. However, for the trust to function effectively, it must actually own the assets intended for distribution. The law firm assists clients by funding the trust based on the assets they hold at the time of the trust's creation. Lobo emphasizes the importance of transferring ownership of real estate and other assets into the trust to ensure proper management and allocation upon the creator's passing.