Download this Oregon Revocable Living Trust Form which provides a way in which an individual (grantor) can make sure his or her assets are dispersed to his or her beneficiaries in his or her desired manner. A trust is flexible because it provides the grantor the ability to specify how, when, how much and for what purpose his ir her assets are disseminated . A trust is continuous, because it continues as an entity after the grantor passes and continues to operate as the granot specified. A trust is private, in that it is not probated with the probate court like a will. A revocable trust can be revoked or modified during the life of the grantor, but becomes irrevocable after the death of the grantor.