pot trust

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• pot trust — A trust for children in which the trustee decides how to spend money on each child, taking money out of the trust to meet each child s specific needs. One important advantage of a pot trust over separate trusts is that it allows the trustee to… …   Law dictionary

• family pot trust — See: pot trust Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate Category: Wills, Trusts & Estates → Wills Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

• sprinkling trust — A trust that gives the person managing it the trustee the discretion to disburse its funds among the beneficiaries in any way the trustee sees fit. It is a type of property control trust. (See also: pot trust) Category: Wills, Trusts & Estates →… …   Law dictionary

• land trust — Property ownership arrangement whereby, pursuant to statute, trustee holds legal and equitable title to trust, and beneficiary, who has personal property interest, retains power of direction over trustee and power to manage and receive income… …   Black's law dictionary

• land trust — Property ownership arrangement whereby, pursuant to statute, trustee holds legal and equitable title to trust, and beneficiary, who has personal property interest, retains power of direction over trustee and power to manage and receive income… …   Black's law dictionary

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