FAQ:

What is a Family Trust?

Usually, trusts are named after the Trustmaker. An example would be the Johnny H. Sample Living Trust dated March 16, 2002. A joint trust for a married couple might be called the John and Mary Sample Living Trust dated June 3, 2003. Some practitioners call their living trusts “Family Trusts.” There is no difference between a living trust and a Family Trust when they are established during the lifetime of the Trustmaker and are revocable trusts.

The name “Family Trust” is also used by some practitioners for trusts that are established at the time of death for the benefit of the surviving spouse and children. A Family Trust established at death is not a living trust.

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