Download this Missouri Irrevocable Living Trust form which allows an individual flexibility, continuity and privacy when planning for the distribution of his or her assets.  A trust allows a grantor (the person creating the trust) to set aside funds during his or her life for the benefit of his or her beneficiaries in a separate entity that continues after the grantor’s death.  It also allows the grantor the ability to direct how and when the funds will be payable to the beneficiaries.  An irrevocable trust is not meant to be modified or revoked during the life of the grantor without the possibility of incurring tax or other penalties.  If it is properly created, executed and maintained, the assets in the trust may be considered outside of the grantor’s taxable estate.

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