A Joint Trust, in common usage, is a single trust established by spouses to hold and manage their combined assets under one unified estate plan. While not a specifically defined term under Texas law, a joint trust allows both spouses to serve as co-grantors and often co-trustees during life, simplifying asset management and enabling seamless control, continuity, and planning for incapacity or death. The trust’s terms can outline how assets are managed while both spouses are alive, how they are handled upon the first spouse’s death, and how the remainder passes to beneficiaries.
