Download this New Hampshire Revocable Living Trust form which lets you decide how and when your property and assets will be distributed to your loved ones. A trust is flexible because it allows the grantor to place conditions or restrictions on how and whne the funds from the trust are spent depending on his circumstances. A grantor may not want his spendthrift eighteen year old to receive her share until she has reached a certain age. Or a grantor may decide that the funds in his trust should be used for education expenses for his beneficiaries. A revocable trust can be modified or changed during the life of the grantor. It becomes irrevocable after his or her death, however.