Loading...Download this Iowa Revocable Living Trust Form in which you can make decisions on how and when you want your property distributed to your beneficiaries. People create trusts for many reasons. They provide flexibility to the grantor to direct how and when his or her property is distributed. They are more private than wills. There is continuity in management of assets as the trust is created during the grantor’s life and continues after his or her death. The trustee that the grantor appoints has a fiduciary obligation to the beneficiaries of the trust and must make decisions in their best interest.
A revocable trust can be revoked or changed during the life of the grantor, but becomes irrevocable after the grantor dies.