Download this Oregon Irrevocable Living Trust form which is a way for you, as the grantor, to provide for your loved ones. Trusts are continuous, private and flexible. They are continuous because they are a separate entity that continues despite the death of the person who created the trust. This allows for continuity of asset management. They are flexible because they allow the grantor wide latitude to specifying the terms and conditions of distributions of assets. They are priveate because they are not filed and probated with the court like a will. With an irrevocable trust, the grantor agrees to give up control (changing or terminating) over the assets in the trust in exchange for removing the assets from the grantor’s estate. It is improtant that this is done carefully with the advice of legal counsel.