Loading...Download this Indiana Irrevocable Trust form in order to set up a trust to hold your chosen assets and/or property to be held for the benefit of your chosen beneficiaries. People use trusts for many different reasons. They offer flexibility as to how and when you specify your assets are distributed. Trusts are private. In addition, they provide continuity of the management of your trust estate because it continues to be in existence after your death until all of the assets are distributed. A trustee manages the trust for the benefit of the beneficiaries and has a fiduciary responsibility to them.
An irrevocable trust is not meant to be revoked or changed after the grantor creates it. Grantors often give up the ability to change or revoke the trust in exchange for removing the property from their taxable estate.