Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

• Family Pot Trust: A pot trust is often used by parents with younger children. This type of trust allows the family money be kept together, so that it can be used on any child as required. The trustee named in the trust decided how much money shall be spent on each child. Therefore, if one child needs braces and the other child wants to go to private college, the trustee has discretion over the property to provide.