Download this Maine Irrevocable Living Trust Form which allows you, as the grantor, to set aside certain assets and property as you designate in a separate entity.  These assets become part of your trust estate and are distibutable to your beneficiaries as you provide in your trust document.  The provisions of the trust provide flexibility to the grantor to put certain requirements or restrictions on the distribution of funds.  For instance, you may decide that you don’t what your children to receive the full amount of the trust until they reach a certain age or that the funds can only be expended on certain things, such as housing and medical care.  An irrevocable trust is not meant to be changed or revoked during the life of the grantor and if completed and executed properly, the assets are not counted as part of the grantor’s taxable estate.

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