Download this California Irrevocable Living Trust form in order to move your chosen assets or property into a trust which assets you agree you no longer have control over. If created and executed properly, the assets you place in an irrevocable trust may not be counted toward your taxable estate. 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.
Unlike a revocable trust, an irrevocable trust is not meant to be changed or teminated during the life of the grantor.