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Paul Rabelais, an estate planning attorney, discusses amending, modifying, or revoking a revocable living trust. Many individuals in Louisiana and across the U.S. establish revocable living trusts to simplify estate settlement after their death, avoiding the costly and time-consuming court process that occurs when assets are frozen in their name. By placing assets in a trust, beneficiaries can bypass court involvement, which streamlines the distribution process. The trust outlines who will receive the assets and who will act as the trustee, effectively replacing a traditional will in managing estate affairs.
