Download this California Revocable Living Trust form in order to set up an entity to hold assets or property you designate during your lifetime for the benefit of those you choose to receive your assets (or your beneficiaries). A trust can offer flexibility as to when and how your assets will be distributed. You can put an age restriction on distribution or have the trustee pay for certian things like health and education. A trustee is chosen by you to be the administrator of the trust and is required to operate the trust as a fiduciary with a responsibility to the beneficiaries.
Unlike an irrevocable trust, a revocable trust can be changed during the life of the grantor.