Download this Ohio Revocable Living Trust Form in order to establish an entity to which you can transfer your chosen assets or property to be held, even after your passing, for the benefit of your heirs or chosen beneficiaries. This continuity of asset management is one of the benefits of a trust. Another benefit is that it is private, unlike a will which gets probated. Finally, a trust is flexible. A grantor can establish parameters for disbursements of funds to suit his beneficiaries’ circumstances and/or his values. For instance, a grantor may have a son who is in high school that he or she would like to see go to college. Rather than allowing for the child to receive funds immediately, the grantor may indicate in the trust that funds should be spent for education purposes only until the son has earned his degree. A revocable trust may be changed or revoked during the life of the grantor.