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Download this Louisiana Irrevocable Living Trust form which is a form that permits a grantor to determine how, to whom and when the grantor wants his or her assets and property distributed during the grantor’s life and after his or her death.  It provides flexibility, continuity and privacy.  For instance, you, as the grantor, can put in your trust that your beneficiaries are not to have trust assets until they reach a certain age.  In addition, you designate a trusted person or persons who will be in charge of carrying out the provisions of your trust in a fiduciarial responsible way.  This person is called a trustee.  The trustee must manage the trust in the best interest of the beneficiaries.  An irrevocable trust cannot be changed or revoked during the grantor’s lifetime, so the property in the trust at the time of the grantor’s death may not be considered part of the grantor’s estate if created and executed properly.

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