Family photo album
How do you set up a family photo album?
iPhone 12, iOS 14
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See the following from Family Sharing - Apple
When you set up your family, a shared album is created automatically in the Photos app on all family members’ devices. Everyone can add photos, videos, and comments to the album whenever they like and get notified when something new is added.
The following applies to all photo sharing, not just families: Share iPhone photos with Shared Albums in iCloud - Apple Support