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

This legal template pertains to a Revocable Trust created by an individual residing in New Jersey, who has a spouse or partner and wishes to ensure the financial security and well-being of their children. The trust incorporates a Pot Trust specifically tailored to address the needs of minor or dependent children. A Pot Trust is a type of trust that pools the trust assets and distributes them equally among all the beneficiaries, in this case, the children, upon certain specified events. This template likely includes detailed provisions and conditions, such as the appointment of a trustee, instructions for distributing assets, and guidelines regarding the children's education, healthcare, and general welfare. Additionally, it may also cover issues related to trust amendment or revocation, tax considerations, and any other relevant legal matters specific to New Jersey jurisdiction.