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In this overview, attorney Paul Rabale explains the concept and benefits of a living trust within estate planning. He notes that when a person dies with assets titled in their name—such as homes, rental properties, stocks, and business interests—these become probate assets. Regardless of having a will, these assets will be frozen upon death, preventing heirs from accessing them until they undergo the often lengthy and costly probate process, which many find to be a hassle. Additionally, Rabale mentions that there are assets that can bypass this legal process entirely, highlighting the advantages of establishing a living trust to avoid the complexities associated with probate.