Loading...Download the Arizona Revocable Living Trust form which allows an individual, also known as the Grantor, to transfer property into a new entity which is administered by a trustee. The grantor can decide how long the trustee will hold the property until it is to be distributed to the grantor’s beneficiaries. This can be upon the death of the grantor or when a beneficiary reaches a certain age. A trustee has a fiduciary obligation to the beneficiaries of the trust.
A revocable trust can be changed or terminated by the grantor during the grantor’s life. After the grantor dies, the trust becomes “irrevocable” and cannot be changed.