Your living trust whats in a name wondering what you should name your living trust a friend asked me just this week if i create a revocable living trust for all my assets what do i call my trust it used to be the accepted practice that your family name should be a part of the name of your living trust so john black would have the john black living trust all assets held by the trust would be titled in that name. A revocable living trust sometimes simply called a living trust is a legal entity created to hold ownership of an individuals assets the person who forms the trust is called the grantor or the trustmaker and they also serve as the trustee of this type of trust in most cases controlling and managing the assets theyve placed there. What is a revocable trust simply put a revocable trust is a document that says how your assets will be managed when you die you might also hear it called a revocable living trust a revocable trust can cover many things including your investments bank account funds property and more. Write down the names of the trust owners or trustors living trusts are commonly named after the owners for example a trust created by two spouses can be named after both the husband and wife the john and jane miller living trust or the family itself such as the miller family living trust