Related Definitions
What is a Family Trust?
A family trust is a legal agreement that grants a third party, or fiduciary, the authority to hold and manage assets for the beneficiaries of an estate, who are family members of the trust creator.
A type of revocable trust created to manage and distribute family assets, typically established to ensure privacy, avoid probate, and facilitate the smooth transfer of assets among family members. Family trusts can also provide for minor children, protect assets from creditors, and reduce estate taxes. By placing assets in a family trust, the grantor retains control during their lifetime and can specify how assets are to be managed and distributed upon their death.
Serving as Trustee?
RMO offers comprehensive legal support for trustees to ensure proper administration and help navigate issues that may arise.
Serving clients across California and Texas
Related Articles
Insights and advice on trust and probate estate litigation from our blog.
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California and Texas probate litigation law firm RMO LLP announced today that 7 of our attorneys have been included in the 2026 edition of [...]
California and Texas probate litigation law firm RMO LLP announced today that 7 of our attorneys have been included in the 2026 edition of […]
- News
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California and Texas trust and estate litigation law firm RMO LLP is proud to announce that 3 of our partners have been included in [...]
California and Texas trust and estate litigation law firm RMO LLP is proud to announce that 3 of our partners have been included in […]
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Key Takeaways Introduction Estate planning is a vital process for protecting your assets and ensuring your children and heirs have access to a respectable [...]
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- Probate Estate Litigation
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Key Takeaways Introduction Probate is the legal process for settling a deceased person’s estate, either with or without a will. During an initial probate [...]
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- News
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Matthew A. Bourque, Managing Attorney of RMO LLP’s Dallas office, has been named to the 2025 Lawdragon 500 X – The Next Generation list. [...]
Matthew A. Bourque, Managing Attorney of RMO LLP’s Dallas office, has been named to the 2025 Lawdragon 500 X – The Next Generation list. […]
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Meghan M. Glaspy, Managing Partner of RMO LLP’s Orange County office, has been named to the 2025 Lawdragon 500 X – The Next Generation [...]
Meghan M. Glaspy, Managing Partner of RMO LLP’s Orange County office, has been named to the 2025 Lawdragon 500 X – The Next Generation […]
- Undue Influence
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Key Takeaways Introduction A trust is a valuable estate planning tool that can help you identify beneficiaries to receive assets after death. However, if [...]
Key Takeaways Introduction A trust is a valuable estate planning tool that can help you identify beneficiaries to receive assets after death. However, if […]
- Trust Administration
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Key Takeaways Introduction Spousal lifetime access trusts and spousal lifetime access non-grantor trusts are two types of marital trusts, also known as spousal trusts. [...]
Key Takeaways Introduction Spousal lifetime access trusts and spousal lifetime access non-grantor trusts are two types of marital trusts, also known as spousal trusts. […]
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Key Takeaways Introduction Determining the proper way to distribute assets to beneficiaries can be a difficult process after a loved one dies. Siblings may [...]
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- Undue Influence
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Key Takeaways Introduction Undue influence is the act where one party takes advantage of the vulnerability of another for their own selfish gain at [...]
Key Takeaways Introduction Undue influence is the act where one party takes advantage of the vulnerability of another for their own selfish gain at […]
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Scott E. Rahn, Founding Partner of California and Texas probate litigation law firm RMO LLP, has been named to Chambers & Partners’ 2025 High [...]
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California and Texas probate litigation law firm RMO LLP announced today that it has been recognized as a leader in Private Wealth Disputes in [...]
California and Texas probate litigation law firm RMO LLP announced today that it has been recognized as a leader in Private Wealth Disputes in […]