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Download the Arkansas Irrevocable Living Trust form which is a form whereby a grantor, who is a person transferring assets, can transfer his or her assets into an entity called an irrevocable trust.  If properly created and executed, this can have the effect of moving property out of the taxable estate of the grantor.  This trust is administered by a trustee who is obligated to follow the provisions of the trust and maintain the trust in the best interests of the beneficiaries.

A irrevocable trust is not made to be changed or terminated by the grantor during the grantor’s life without risking certain tax or other consequences.