Arizona Living Trust Forms
Download the Arizona Living Trust which allows you to place your chosen assets or property into a separate entity which is administered by a trustee of your choosing. You, as the grantor, can decide which assets you want the trust to own and how you want the assets distributed by the trustee. The trustee is obligated to follow the provisions in the trust and has a fiduciary responsibility to the beneficiaries to manage the trust in their best interests.
Revocable vs. Irrevocable: A revocable trust is a trust which the grantor can change or revoke during his or her lifetime and it becomes irrevocable upon the death of the grantor. An irrevocable trust is a trust which is not meant to be changed or revoked by the grantor once it is effectively created and executed.