Download this Idaho Revocable Living Trust form in order to set aside assets and property for your loved ones with the flexibility of putting forth the terms of distribution. For instance if you want to wait for your beneficiaires to reach a certain age of maturity before they are able to have the funds, you can put that in the trust. If you want to specify that the trust funds only get spent on certain things such as higher education or housing, you can specify that as well.
A revocable trust can be changed during the lifetime of the grantor, or revoked. Any assets or property in the revocable trust are considered part of the grantor’s taxable estate.