What Is a Family Trust Called?
Find the family trust name. First, look up the family name (for example, Smith Cooper) in the grantor/grantee index in the recorder’s office; within those records, you’ll find the family trust name.
What does it mean to have a family trust?
When people talk about a family trust, chances are they are referring to the most common meaning behind the term. In most estate planning scenarios, a family trust is simply a trust that benefits the family members of the individual who’s setting up the trust.
How to choose a name for a trust?
Use names like the the “Experience Family Trust”, the “Angels Management Trust”, or some other obscure name. This maintains privacy and protection even though certain documents may be recorded as a matter of public record. Conclusion – Please do not name a trust after the family name of the creator.
Who is the trustee of the Smith Family Trust?
The title of the trust accounts and real estate would be “John H. Smith, Trustee of the Smith Family Trust.” Do I Need to Include the Word “Family” in My Trust?
