Download this Idaho Irrevocable Living Trust form which will allow you, as grantor, to set up the terms and conditions of how the assets and property you choose will be distributed to your beneficiaries. This is a form you can set up while you’re still alive and it will continue as an entity upon your passing. The grantor chooses a trustee who will make sure the trust terms are carried out. The trustee has fiduciary obligations to the beneficiaries of the trust, which mean he or she has to do carry out the terms of the trust keeping the best interests of the beneficiaries in mind.
An irrevocable trust cannot be changed or revoked during the life of the grantor without the risk of incurring tax or other consequences. In addition, the grantor gives up control over the assets and property.