Loading...Download this Kansas Irrevocable Living Trust Form in order to create an entity to hold your assets for the benefit of your beneficiaries. People use trusts for different reasons. They provide flexibility in that you, as the grantor, can put restrictions on how and when you want your beneficiaries to receive the funds. They provide privacy and they provide continuity. The grantor can choose a trustee who is in charge of making sure the beneficiaries receive the distributions in the manner specified by the grantor in the trust document. The trustee also must manage the trust in the best interests of the beneficiaries.
An irrevocable trust is a trust that is not meant to be revoked or changed during the life of the grantor. In exchange for giving up the ability to change or revoke, a grantor may be able to remove some assets out of his or her taxable estate, if created and executed properly.