Creating a Family Trust for you and your spouse/significant-other can protect your assets during your lifetime and provide for your spouse and children after you are gone. With a Family Trust, a living trust is established for both you and your spouse/significant-other with assets being moved into the trust. The Family Trust is structured so that when one of you pass on, additional trusts are automatically created to protect the remaining spouse/significant-other and children. After both of your pass, still other trusts are created and funded to insure that your children's support and education are addressed.
Please review the chart below for an easy view of how Family Trusts work.