Revocable Trust for Single Individual: Pot Trust for Children (CA) | Practical Law

Revocable Trust for Single Individual: Pot Trust for Children (CA) | Practical Law

A revocable trust agreement (also referred to as a trust instrument or a declaration of trust) for an unmarried individual who has children and resides in California. This revocable trust agreement provides for a distribution of the trust assets to the settlor's surviving children or more remote issue, in continuing trust, when the settlor dies. This Standard Document creates a pot trust (also called a pooled trust) for issue until the youngest child reaches a certain age and then divides the assets into separate shares for outright distribution to or in further separate share trusts for each child. This Standard Document has integrated notes with important explanations and drafting tips.

Revocable Trust for Single Individual: Pot Trust for Children (CA)

Practical Law Standard Document w-000-2349 (Approx. 79 pages)

Revocable Trust for Single Individual: Pot Trust for Children (CA)

by Practical Law Trusts & Estates
MaintainedCalifornia
A revocable trust agreement (also referred to as a trust instrument or a declaration of trust) for an unmarried individual who has children and resides in California. This revocable trust agreement provides for a distribution of the trust assets to the settlor's surviving children or more remote issue, in continuing trust, when the settlor dies. This Standard Document creates a pot trust (also called a pooled trust) for issue until the youngest child reaches a certain age and then divides the assets into separate shares for outright distribution to or in further separate share trusts for each child. This Standard Document has integrated notes with important explanations and drafting tips.