Download this New Mexico Irrevocable Living Trust form which allows you, as the grantor, to set aside assets and property in a separately managed entity for the benefit of your loved ones.  A trust provides continuity in management of assets because it is created during the life of the grantor and survives the grantor’s death.  In addition, a trust provides flexibility to the grantor, in that the grantor can include conditions or restrictions on how, when and for what purpose the funds are disbursed to the beneficiaries.  The trustee, appointed by the grantor, is obligated to manage the trust consistent with the provisions in the trust and for the benefit of the beneficiaries.  An irrevocable trust is not meant to be changed or revoked, because if it is created and maintained properly, the assets in the trust may not be includable in the grantor’s estate.

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