Download this Montana Revocable Living Trust form which can be used to set aside assets and property in a spearate entity for the benefit of certain beneficiaries. People use trusts because they provide a measure of privacy, continuity and flexibility in managing assets. A grantor creates the trust during his or her life to hold assets and the trust will continue to be in existence after the grantor’s death. In addition, the grantor can direct that the funds in the trust be spent for certain purposes or when certain milestones are met. A revocable trust can be changed or revoked during the life of the grantor.