Colorado Living Trust Forms |
Download the Colorado Living Trust form in order to create an entity to hold assets or property of your choosing. This entity is administered by someone called a “trustee”. The trustee is someone of your choosing who is obligated to abide by the provisions of the trust and administer the trust in the best interests of the people who will get the property – or the beneficiaries.
Revocable vs. Irrevocable: A revocable trust can be revoked by the grantor during his or her lifetime. It becomes irrevocable upon the death of the grantor. An irrevocable trust is not meant to be changed or revoked by the grantor once it is effectively created and executed.