Connecticut Living Trust Forms
Download this Connecticut living trust which allows a grantor (person transferring assets or property) to transfer assets or property into a separate legal entity to be administered by a trustee of the grantor’s choosing. A trust provides flexibility to the grantor to choose when and how assets will be distributed and to whom. For instance, a grantor can specify that funds shall be spent on health and education of the beneficiary, or that all assets will be distributed upon the grantor’s death. The trustee must follow the provisions set forth in the will and has a fiduciary obligation to the beneficiaries of the trust.
Revocable vs. Irrevocable: A revocable trust can be revoked or changed during the life of the grantor and becomes irrevocable upon the death of the grantor. An irrevocable trust is not meant to be changed or revoked during the life of the grantor.