Loading...Download this Hawaii Revocable Living Trust form which allows a grantor to transfer assets into an entity which is administered for the benefit of the grantor’s beneficiaries. A trust provides some flexibility to the grantor to direct how he or she wants his or her assets or property distributed. A grantor can choose to require that a beneficiary reach a certain age before they can receive the proeprty. A grantor can decide that the beneficiaries will receive the property upon the death of the granotr. A grantor can decide that the assets be spent only on certain specified things, such as education. A trustee is appointed by the grantor to make sure that the provisions of the trust are followed.
A revocable trust is a trust that can be revoked during the life of the grantor but becomes irrevocable upon the grantor’s death.