Minnesota Living Trust Forms
Download a Minnesota Living Trust form in order to designate certain assets and property to be set aside in a separate entity for the benefit of designated beneficiaries. A trust provides flexibility to a grantor to designated how and when the assets are distributed to his or her beneficiaries. For instance, a grantor can designate that the beneficiaries have to be a certain age before they can receive funds from the trust. Also, a trust provides continuity for management of funds during the life of the grantor and after his or her death.
Revocable vs. Irrevocable: A revocable trust can be revoked or modified during the life of the grantor, while an irrevocable trust is not meant ot be modified without incurring certain tax or other penalties.