Loading...Download this Colorado Irrevocable Living Trust form in order to set aside your chosen assets or property into a separate entity. This separate entity, or trust, can be set up to distribute your assets at certain designated times and by certain designated means by your trustee. For instance, a grantor can specify that the assets in the trust are to be distributed upon the grantor’s death, or when a beneficiary reaches a certain age. You, as grantor, also choose a trusted person to be a trustee. The trustee is obligated to administer the trust responsibly and in the best interests of the beneficiaries.
Unlike a revocable trust, an irrevocable trust is not made to be changed or revoked during the life of the grantor, otherwise, there can be tax consequences.
Registration (§ 15-5-205) – The Registration Statement (JDF 732) must be filed with the District Court of the Trustee.