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Paul Rabelais, an estate planning attorney, discusses how to amend, modify, or revoke a revocable living trust. He emphasizes that millions of people in Louisiana and across the U.S. establish these trusts to simplify estate settlement after death. A revocable living trust prevents assets from being frozen upon death, allowing for easier distribution without court involvement, thereby reducing delays and expenses. The trust specifies beneficiaries and a trustee to manage distributions, serving as a replacement for a traditional will. This approach aims to streamline the estate settlement process for survivors.
