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

This legal template pertains to a revocable trust established by a single individual in the state of Massachusetts, which includes provisions for the care and distribution of assets for the benefit of their children. More specifically, it introduces a "Pot Trust" arrangement, where the assets are pooled together and managed collectively for the benefit of all the children. The template likely includes details on how the trust is structured, the appointed trustee(s) responsible for managing the trust, and instructions on how the assets should be utilized and distributed for the children's education, healthcare, and general welfare. Additionally, it may contain provisions on when and how the trust can be revoked or amended by the grantor, any tax considerations, and any specific conditions or circumstances under which the trust would terminate.