Iowa Living Trusts Forms
Download the Iowa living trust in order to provide a flexible way for an individual, known as a grantor, to direct his or her assets to his or her beneficiaries at a chosen time and in a chosen manner while the grantor is still living. In addition, the grantor chooses a person to be in change of maintaining the assets in the best interests of the beneficiaries and to make surethe trust provisions are carried out as set forth in the trust document.
Revocable vs Irrevocable – A revocable trust may be changed or terminated at any time during the course of the grantor’s life and becomes irrevocable thereafter. An irrevocable trust is not meant to be changed or terminated once it is created and executed without possibly incurring some tax or other consequences.