Irrevocable Pot Trust Agreement

 Irrevocable Pot Trust Agreement
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State:
Multi-State
Control #:
US-13230BG
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Description

An irrevocable trust is a trust that cannot be modified or terminated without the permission of the beneficiary. A Pot Trust is a trust set up for more than one beneficiary, typically children. The purpose of a Pot Trust is to keep the funds in one pot until a later event. For example, at the death of the parents, the assets may be kept in one pot until all the children have graduated from college or reached age 21.

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