North Dakota Living Trust Forms
Download the North Dakota Living Trust form which will allow you, as the grantor, to put property and assets aside in a separate private entity to be managed and operated during your life and after you pass. It provides continuity. A trust also allows the grantor to put conditions on the distribution of the funds in the trust, which allows him or her to craft the trust to reflect his or her specific family situation. The grantor chooses a trusted person or professional fiduciary to manage the trust in the best interests of the beneficiaries.
Revocable vs. Irrevocable: An irrevocable trust may not be changed or revoked without the possibility of incurring tax or other penalties. A revocable trust may be revoked or changed during the life of the grantor, but it becomes irrevocable after the grantor passes.