Revocable Trust for Individual with Spouse or Partner: Pot Trust for Children (California)

This legal template pertains to the creation of a revocable trust in the state of California. It is specifically designed for individuals who have a spouse or partner and wish to establish a trust to provide for the financial well-being of their children. The trust incorporates a pot trust arrangement, a common estate planning tool that allows the trust assets to be pooled together and distributed for the benefit of multiple children. The trust is revocable, meaning the grantor(s) retain the right to modify or terminate it during their lifetime. This template provides a comprehensive framework for individuals in California to create a legally sound and customizable trust that meets their specific needs and objectives.