pot trust

Definition of "pot trust"
  1. A financial arrangement for children that allows a trustee to allocate funds according to each child's needs, typically ending when the youngest child reaches 18 or 21
How to use "pot trust" in a sentence
  1. The pot trust allowed for numerous educational expenses for all the children in the family.
  2. In the event of emergencies, the pot trust was accessed to provide for the children's medical costs.
  3. Once the youngest child turned 21, the pot trust was dissolved.

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