Indiana Living Trust Forms
Download the Indiana living trust which provides flexibility to an individual, known as a grantor, to direct his or her assets to his or her beneficiaries at a chosen time and in a chosen manner while the grantor is still living. The grantor chooses a trusted person to administer the trust and make sure it is carried out as set forth in the trust document. This person is called a trustee and the trustee has a fiduciary obligation to the beneficiaries.
Revocable vs Irrevocable – A revocable trust may be changed or terminated at any time during the course of the grantor’s life and becomes irrevocable thereafter. An irrevocable trust is not meant to be changed or terminated once it is created and executed without possibly incurring some tax or other consequences.