I have added a new tool palette location and moved it above the default location. I read where this would make the new location the default location where new palettes would be created and saved. However, this has not been the case. How do I set a location for new palettes to be created?

My ultimate goal is, I want create a location where I can create and update tool palettes so I can then copy them to a network location for others to access. So far, nothing I have found online regarding this has worked.