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Download this Minnesota Irrevocable Living Trust form in order to provide a way to direct your assets and property to your beneficiaries.  A trust allows the grantor flexibility in planning how his or her assets will be distributed to the beneficiaries by allowing for directed payments at certain times and for certain purposes.  For instance, a grantor may want his beneficiaries to have access to the funds for education until they reach a certain age of maturity when they will be more responsible in using the funds.  An irrevocable trust is not meant ot be revoked or modified during the grantor’s life.  If it is, there may be tax or other consequences depending on how it was created.