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Darcel Lobo from Down Law Firm explains the concept of a revocable living trust, which is an estate planning document used to distribute assets without going through probate. To make this trust work, assets need to be transferred to it, meaning the trust needs to be the owner. This process is known as funding the trust. Lobo emphasizes the importance of funding the trust by transferring assets such as real estate into it, ensuring that the trust operates as intended.
