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

This legal template is a document that establishes a revocable trust specifically designed for a single individual residing in the state of Georgia. The trust is set up to ensure the financial well-being and care of the individual's children, also known as beneficiaries.

The trust created is a pot trust, meaning that the assets and funds contributed by the individual are combined into a common "pot" from which the trustee distributes resources to the children as needed. This type of trust allows for flexibility since the trustee has the discretion to determine the appropriate allocation of funds based on the individual needs and circumstances of each child.

The revocable nature of the trust grants the individual the ability to make changes or terminate the trust during their lifetime, allowing for adaptability as circumstances may change. This legal document outlines the rules and provisions that govern the trust, including the appointment of the trustee responsible for managing the trust assets and making distributions to the beneficiaries.

Overall, this legal template serves as a comprehensive document that details the establishment and management of a revocable trust for a single individual in Georgia, specifically designed to benefit their children through the utilization of a pot trust structure.