Will for Single Individual: Pot Trust for Children (Georgia)
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About this template
This legal template is specifically designed for a single individual residing in Georgia who wishes to establish a will that includes a pot trust for the benefit of their children. In a pot trust, the assets of the estate are consolidated into a single "pot" or pool, and the trust income and principal are distributed or utilized for the benefit of multiple beneficiaries, in this case, the children. The template may cover various aspects such as designating the executor, outlining the distribution of assets, specifying the age at which beneficiaries can access the trust, appointing a trustee to manage the trust, and determining any additional provisions or contingencies based on the individual's preferences and circumstances. The template provides a structured legal framework to guide the individual in creating a comprehensive will, ensuring the proper administration of their estate and the welfare of their children in accordance with Georgia law.
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