Loading...Download this Kansas Revocable Living Trust form which allows you, as grantor, to set aside certain assets or property that you specify to be held for the benefit of others. A trust provides flexibility to a person who wants to be able to specify how and when the assets are distributed to his or her beneficiaries. For instance, the grantor can require that a beneficiary be a certain age before he or she receives funds. A grantor can specify that the funds be expended for education. The trustee, who is appointed by the grantor, has a fiduciary obligation to manage the trust as provided in the trust document and for the benefit of the beneficiaries.
A revocable trust can be changed or revoked during the life of the grantor.