091: How to Name Your Trust

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Naming your trust is a critical step in estate planning because it establishes the legal identity of your trust and ensures its proper administration. The chosen name is used on all trust-related documents, assets, and accounts, making it essential for clarity and consistency. A well-named trust simplifies the process for financial institutions, beneficiaries, and legal representatives to identify and manage trust assets efficiently. Additionally, a clear and specific name can help prevent confusion or disputes among heirs, ultimately supporting the smooth execution of your estate plan.

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