Download this Tennessee Revocable Living Trust form which allows a grantor to establish a plan of distributing his or her assets by placing them in a separate entity and directing within the trust how the assets are to be distributed. A trust provides continuity, flexibility and privacy to the grantor. It is continuous becuase it exists even after the grantor passes away. It is flexible because the grantor can give specific direction to the trustee (the person who manages the trust) as to how, when, for what purpose and for how much, distributions are to be made. It is private, because, unlike a will, it is not filed with the probate court – it is a private document. A revocable trust can be revoked or changed during the life of the grantor. It becomes irrevocable after the grantor passes away.
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