Download this Arkansas Revocable Living Trust form in order to move your chosen assets or property into a separate entity. When you create a trust you choose a trustee to administer the trust and make sure the provisions of your trust are carried out. You as grantor, also designate beneficiaries who will receive the assets at a specified time. The trustee has a fiduciary responsibility to administer the trust in a way that benefits your beneficiaries.
Unlike an irrevocable trust, a revocable trust may be changed or terminated during the life of a grantor, but becomes irrevocable after the grantor dies.