All Files Renaming Pencil Presets You can rename your pencil presets to keep your list organized. How to rename a pencil preset In the Tools toolbar, select the Pencil, Line, Ellipse, or Rectangle tool. In the Presets menu, select the preset you want to rename. From the Brush menu , select Rename Brush. The Rename Preset dialog box opens. In the Name field, type in the new name. Click OK.