how you set up a family bank that everyone can benefit from first you're gonna open up a trust make sure to appoint yourself as a trustee so you maintain complete control over the assets then have the trust purchase life insurance and all the members of the family just make sure it's a policy that can give you strong cash value then you can borrow from the trust based on the need for the fandom just make sure the trust is the beneficiary of these life insurance policies so that when someone passes away the trust can be fully replenished that keeps the trust from ever being depleted and here's a visual what the actual cycle looks like and this never ending process can completely change your family's dynamic