North Carolina Living Trust Forms
Download the North Carolina Living Trust form in order to set aside property and assets in a separate entity for the benefit of your loved ones. A trust provides flexibility because the grantor can craft provisions to reflect his or her values and family situation. For instance, a grantor might be concerned that his spendthrift son will spend his share on an expensive car instead of on his education. A trust will allow the grantor to specify that the funds are to be spent for education purposes. A trust provides continuity as well in that it continues in existence after the death of the grantor.
Revocable vs. Irrevocable: An irrevocable trust is not meant to be changed or revoked. A revocable trust, as the name suggests, may be revoked or changed during the life of the grantor, but it becomes irrevocable after the grantor passes.