Scholars have spent the last four decades expanding the theoretical understanding of parental racial socialization—or parent–child communication about race. What is largely absent from existing conceptualizations, however, is a consideration for how the practice manifests in Multiracial families. The interracial structure of Multiracial families complicates racial socialization in ways that are not being captured in empirical research due to the overreliance on universal frameworks. It is imperative that we close this theoretical gap as the proportion of Multiracial families in the United States is expanding at record rates. Accordingly, we present the Multiracial‐Black Socialization Model (MRB‐SM) in this paper. The MRB‐SM is designed explicitly for Multiracial‐Black families, one of the fastest‐growing sub‐groups of Multiracial families. The model builds upon the strengths of universal socialization theories by outlining the content, process, and context components of racial socialization in Multiracial‐Black families. The implications for research are discussed.