Download this Pennsylvania Revocable Living Trust form which allows you, as grantor, to create a separate entity to hold and manage your assets and property. A trust provides the grantor with continuity of asset management and distribution which means that it continues even after the death of the grantor. It also allows the grantor to specify conditions and restrictions for the dissemination of the assets. A trust is also private in that it is not probated like a will in the probate court. A revovable trust can be changed and revoked during the life of the grantor, however, it becomes irrevocable after the death of the grantor.