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Download this North Dakota Irrevocable Living Trust form in order create a separate entity to hold your specified assets and property to be disbursed at a time specified by you to your chosen beneficiaries.  A trust is flexible because you, as grantor, can put restrictions and conditions on the funds and how they are to be disbursed.  A trust is private, unlike a will which is a public document once it is filed with probate.  A trust is continuous, becuase it lasts after the grantor’s death.  These characteristics help a grantor craft an entity that reflects the desires, values and specific circumstances of the grantor.  An irrevocable trust is not meant to be changed or revoked.  If it is, the grantor may incur tax consequences.