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Paul Rabelais, an estate planning attorney, discusses how to amend, modify, or revoke a revocable living trust. Many people create revocable living trusts to simplify estate settlement by avoiding the court process, lawyer involvement, delays, and expenses. Trust assets are not frozen when you pass away, making it easier for survivors. Occasionally, people set up their living trust and dictate in the trust instrument who will receive the assets and who will be the trustee. The trust essentially replaces the will in some cases.