Secret To Naming Your Revocable Living Trust

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Many people establish a revocable living trust in order to enable their loved ones to avoid the court-supervised and attorney-involved probate proceeding when they pass away.
All of those trusts have a name or title. Many people include the word "Revocable" in the title of their revocable living trust.
But perhaps it would be a better idea to leave the word "Revocable" out of the title of your trust. You may want to restate your living trust in the future to make it "Irrevocable," in order to attempt to protect your trust assets from potential creditors or from long term care expenses.
If the word "Revocable" is in the title, and if for some reason you want to have the protections in place that an irrevocable trust would provide, you will have to revoke your living trust, remove all of the assets from that trust, and then place them in some new trust.
However, if you exclude the word "Revocable" from the title of your living trust, you will have more restatement options and more protection options to restate the terms of your trust in order to achieve more protections that a revocable living trust would provide.
For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to: go.oncehub.com/Paul8
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney
www.RabalaisEstatePlanning.com
Phone: [phone]

[@fecconway378]

👍🏼7:24 when a target on a lawsuit is possible Do not title “Revocable..” Great vital Info !!!

[@terry_willis]

This should have been a 30 second video: "Do not have the word "revocable" in the title of your revocable living trust".

[@w.thomas306]

They can’t be that dumb. Are you saying someone actually did that?

[@maryannhartzell2958]

You can make up an original name for your irrevocable living trust. The trust doesn’t have to be your own name. The name of your trust could be “happy days 123”. This could help information inside the trust to remain confidential.

[@rachelb8863]

Thank you that's a useful tip. Would you know how one would sign as a trustee for private Trust... for example if it's called, happy days, would you just create a new signature for Happy Days?

[@deeplouffe5769]

Pq Qqq P Qqq Aaa A

[@KOVIDGOON]

These detail these idiot lawyers don't disclose. They still gate keep and treat it like its not important details they need to disclose. I didnt want my trust named after me and guess what 5k later I feel robbed. Smh expensive lesson.

[@jimmaag4274]

​@@rachelb8863 just like any other trust, sign "(your name) - Trustee"

[@anntodd1233]

​@KOVIDGOON I agree. Lawyers did the same thing with us.

[@chelin7023]

Great advise! This is how a good attorney is thinking ahead and prevent unnecessary “corrections” in the future. This is the first time I hear this advise 👏🏼👏🏼👏🏼 Thank You!

[@wildthings980]

Wish my atty had given me advice on naming my trust!!!😢

[@TravelBySea]

​@@wildthings980maybe your attorney is banking on future fees to retitle your trust 😁

[@raybergeron2999]

Thanks you. Because of you (actually another video) I "revisited' my family trust, which is in my filing cabinet. Made sure it's a 'non-revocable'. I am passing you along. Thanks again.

[@NealWalters]

I've been consuming a lot of your videos, love your style and topics. Thanks!

[@Yahreshohn]

Thank you! Subscribed! I'll definitely continue to watch and smash that like button!

[@RAW2125]

I have reviewing your videos for quite some time now. Very informative and have learned a lot. Thanks for all your efforts and time you give. Thanks again and keep up the great work.

[@yoxarystano7166]

Amazing! Thank you, Paul. It makes perfect sense.

[@elainethepain9418]

Mind Blown! Have never considered this! Thanks!

[@kittycat6195]

Love this channel. I am new to it. Thank you!!!! I will share this!!! I want you to keep going!

[@bbbb8001]

Why not go with a private trust and leave the lawyers out of it?

[@athomas2803]

Thank you for that advice. I didn’t catch it the first time I watched, but now the light bulb just came on. Your information is so helpful as I draft my trust. I enjoy Binge watching your videos.

[@lisbethsalander1723]

I am trying to draft my trust. May I ask- if you had used a lawyer or online help?

[@browneyes8513]

Thank you so much sir. I hope you do more of this teaching.

[@viviangronlierp.a.-southfl1896]

Your videos are very helpful. Thank you for sharing your knowledge and expertise.

[@Deborajosephsplatt]

Thank you for this video; it really helps understand the do's and don'ts

[@robinpst4935]

Great advice. Thank you so much for the information.

[@doughamel150]

you are good man, i'm in canada and really have no money saved but paying off 11acres on a beautiful west coast island...you are great teacher!

[@robertgray320]

At first I wasn't going to watch this video but I'm so glad I did. Thanks for the information!

[@joeretired4552]

Great suggestion - just beginning to write my trust - this I will do.

[@brendamcchristy6044]

Thank you for this advice.

[@iris5517]

OMG Thanks so much for this information!❤

[@deekorbel5259]

Thank you for the great advice.

[@cinthyacasco8654]

Love your videos Thank you.

[@karltraveldude7817]

Thank you for sharing, great information .

[@IlonaJosiane]

I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.

[@aleshyabarbour6389]

Great content! Thanks for sharing

[@breathingabundance7754]

Absolutely amazing what you can learn on this internet 👏🏾

[@jimmarobbins8402]

thank you so much for this advice

[@boyboy-xe6rx]

Amazing explanation. Thank you.

[@BuzzWaxxCollectibleRocksandArt]

thank you this is very awesome info!

[@HialeahRefugee]

Awesome advise and informed my attorney to set up that way. I also used my initials instead of name.

[@stephen5147]

Very helpful. Thanks.

[@myutube6422]

As Tran mentioned, you might cover using a non-descript name for the trust.

[@chanelv5373]

Thank you. I just subscribed 😃

[@aileenciocon5167]

I am so glad I watched this!

[@Michael-jp3qe]

Thank you for this information.

[@josepayumo9779]

thanks again Paul

[@godowdy6]

Awesome info. Thanks!

[@JamesKing2understandinglife]

Thak you! Just the title is so important to do in a living trust.

[@notmeee7302]

Strongly suggest you DO NOT PUT YOUR NAME anywhere in the trust name. Make up a name. Offers you privacy, anonymity, and asset protection against potential lawsuits.

[@romoskri]

As an estate planning attorney, I can tell you this is not accurate and you should not be providing advice on these matters. Revocable trusts provide NO asset protection.

[@realluckysgirl]

​@@romoskrihow? LLC or? This guy is talking in circles...

[@tampaterry1245]

@@romoskrifor asset protection do the assets need to be in an irrevocable where you are not the trustee?

[@MAJESTIC-SU9]

Again, thank you sir.

[@sueharris6616]

This information is very helpful!

[@misterdouchemz6217]

I like the way u explain it. 👍

[@fazeelatshah3097]

It is great information .

[@endorphinder]

Thank you very much for your valuable content! Are there pros' and/or cons' to putting your name(s) in the title of the trust?

[@60BlackDiamond]

Great information. Thank you!

[@60BlackDiamond]

Binge watching your videos 😌

[@tadeuszsolowiej1522]

Great info, thank you☝️🙏

[@dorothyhome577]

Talk about a public service❣️Thank you so much for passing on ‘all’ this important information. You are very thorough. Your attention to the details makes a big difference.😊This subject matter is now be brought to the forefront is why so many people have been severely injured. This subject should be a prerequisite in all colleges. After all it is foundational to all life. All lives matter.... past, present & future.🙃 My children all have college degrees and know the bare minimum about this subject matter. AND they won’t discuss it!😣 I’m trying to avoid the mistakes my parents made due to the lack of guidance!

[@americasestateplanninglawy1946]

Thanks DH! 👍

[@FinanciallySavvyParent]

This is great advice. Thanks!

[@tessjones5987]

Good instructions.

[@Beachbumartist]

Great information, thank you

[@maryannhartzell2958]

Thank you💫

[@jcarlos9079]

Always wondered how to say your last name, didn't catch it till now, paying more attention to the substance of your videos. Appreciate you!

[@edwardteal4984]

Fantastic thank you

[@2BailaConmigo]

This was very helpful. I had no idea about the importance of naming the Trust. Thanks for your generosity.

[@NaveDelAmor]

Huge!!!

[@Adventure2wheels]

Thank you Paul

[@aprilrandle8936]

I like it! I told my estate planning client to watch your videos. He then schooled me in the Paul R way about why he didn’t want to use “Revocable” in the title of his trust. 😂 Title promptly changed using find and replace with reasons duly noted. 😊

[@americasestateplanninglawy1946]

Love that!

[@nickc9622]

Your videos are very informative. I'm looking for one that describes a married couple with community property with two children. I have a child from previous relationship and my husband has a child from a previous relationship. What should we be mindful of in the wording of the Last Will and Revocable Trusts (just for house) to ensure both our child and step-child are not left out.

[@RockyMountainHunter2]

New to the channel. Subscribed. Anxious to see if your Online program will include Ohio.

[@genrodriguez5496]

You are so cool!!! Thank you!!1

[@greenb6149]

very educational!

[@Colorado18]

Thank you

[@nrkgadda9]

Thank you for making it easy for us, to name a Living Trust.

[@americasestateplanninglawy1946]

Thanks NRK 👍

[@NYse821]

Wow... I prayed & asked the Lord ..What should I name my Trust? opened up YT & saw this video. This vid helps a lot. Thanx 💚

[@Dailywordsofdiscouragement]

Delusional

[@CKevni]

My attorney said you can title it however you want. So in theory, the x,y z irrevocable trust however the trust document itself is a revocable trust. Ever heard of this before?

[@matney12]

Is it ok not to use your name in the trust title? It seems it would also help with some protection.

[@peaceloveandharmony]

You are an asset for those wanting to gain knowledge - thank you very much

[@americasestateplanninglawy1946]

You’re welcome PL&H! 😎

[@regina627]

Thanks

[@JL-xg7xb]

Do you recommend not to use your name on the trust for assets protection?

[@molo8657]

Superlative!

[@michelinelavoie2086]

Can you do a trust for someone that lives in Florida? Such as myself?

[@becky5599]

Very well explained thanks

[@andrewg4us2010]

Thank God we did this by accident. Thank you for this advice!

[@carolyn6406]

If your home is your homestead and protected against creditors does changing the ownership to a trust open the door up for now being sued by creditors? Also for second homes not homesteaded or other properties?

[@WARISCOMIN2023]

Thank you so much,2022

[@rms539]

How would reverse mortgage come into play with long term care needs? from PA. Have been sharing you channel with others. .so helpful!

[@steviesevieria1868]

Reverse mortgage comes under the category of: Scam

[@Nabiyah1]

*Question:* Can a person posthumously receive a death benefit (Insurance Beneficiary) and designate that benefit to a trust for a child to receive, if they want to protect assets and prevent others from taking what belongs to the child? *Scenario:* Someone older is a beneficiary on a policy. However, they are likely to transition before the policy will be paid (before the insured will transition). Is it possible to name that policy in a trust BEFORE they transition to ensure that the trust is paid, even if it's posthumously, and have that benefit designated to a specific person? Thanks for your help with this :)

[@wendyw3230]

Why not structure the trust to protect the assets In the beginning?

[@NYse821]

Thank you for all the information😊. I have 1 question...You mentioned that if Creditors realize that you have Assests in a Living Trust, they can come for your assets...but aren't Trust Private?

[@anntodd1233]

It doesn't protect you from creditors.

[@Maownvisa]

A foreign living trust does

[@lawrenceellison2972]

Thank you, sir. I after listening to your messages I decided to form a family Trust and it was an adventure. Took a year to get all done but well worth it. I believe my family and heirs now have a legacy my wife and I can leave for a long time after we are gone. Thank you.

[@iitorrance285]

Awesome

[@americasestateplanninglawy1946]

😎

[@lobaktao109]

Very interesting. Thank you for the very informative video. Can you give examples of ways to restate the trust terms to protect from lawsuits? Can you restate and just say that this trust is now an irrevocable trust? What’s the difference between restate and an amendment?

[@learnjcbskidsterchickensga7594]

The way I understand it if you’re making big changes like the primary beneficiary, you would want to do a reinstatement. If you just have a few little things to change, I think that would be an amendment.?

[@fecconway378]

12.29.23. See 6:11 & prior Great points on future Medicaid application for long term care ex: in 5Yrs . Do NOT title “revocable”. Thank you

[@roxannasheffield8439]

do we need to title our trust with our legal names or just any title?

[@alynwilson5694]

What are the drawbacks to doing this? What effect will it have on travel? What are the solid benefits to doing this long term and short term? I own land, will I lose it if I do this. Where is doing this, if at all linked to declaring a sovereign state where I'm living?

[@horacewilley8728]

I would love to know more about trust.

[@Mantraflip]

When learning about Irrevocable life insurance trusts, I learned that many people feel their “trust” is affording more protection than is actually the case. Self education plus professional advice is my goal. I see too many people blindly following professional advice. The advice should be the beginning of journey, it’s too late at the end (I wish I knew that earlier, etc.)

[@alliesteamc3546]

From Asser protection perspective, some attorneys suggest NOT TO USE your name in the trust, have a separate EIN name which will enable you to open bank account. Anything else seniors should know when they set up a rev trust in any word?

[@jjf609]

Separate EIN- so you went to the IRS website & created a separate EIN? Is this just for the bank accounts? When you file your taxes do you use both your social security # & EIN #?

[@learnjcbskidsterchickensga7594]

@@jjf609 as far as I know, you would use the EIn if you are receiving income within that trust.

[@kevankirkmusic]

What are the advantages/disadvantages of titling a trust that doesn’t contain your name?

[@anntodd1233]

When someone tries to sue you, it makes it a lot harder to find what assets you have.

[@mickeycrunch2566]

What does a trust cost “

[@user-gf4kk8yu3y]

Thank you for all the information you give. I have a question: Can we convert a revocable trust to an irrevocable trust upon our death to provide for future generations?

[@rayslack6087]

I'm pretty sure all revocable trusts convert to irrevocable trusts upon death. After you die you can't make the decision to revoke it, so they are irrevocable.

[@Amyleonhardt947]

From my understanding, it automatically becomes irrevocable at death of all Trustees. NAL

[@stopwars8642]

A bit confused on the if you change the title to names but then you can have creditors and lawyers cause issues 6:18 so what are you doing to protect that from happening? yousay restate the terms . So your then retsting the terms to protect from creditors and lawyers then not before ? Also if you dont use your name but make it up how can that keep things inside confidential where as if you put your real name on it and is this something you should do?

[@larrymoore6640]

What would be the reason to include the date in the title of the trust and is it needed.

[@learnjcbskidsterchickensga7594]

As far as I know, date has to be there

[@KOVIDGOON]

Can a trust be renamed?

[@sharonelder2546]

How to changeour living trust amended to irrevocable trust.We typed up an amendment and had it notarized 4 years ago 75 on Arkansas

[@lindaHalt1916]

Can you address some issues for single people?

[@faramarzmokri9136]

Are you a California lawyer?

[@bennylarussa8010]

Very informative do you have a office in Orlando Florida area

[@steviesevieria1868]

He’s an attorney in Louisiana

[@mikem4237]

Should we put the date in the name of the trust? Or not necessary?

[@learnjcbskidsterchickensga7594]

As far as I know, you must have the date of the initial Trust. It is always on the title of the bank account.