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Download this South Dakota Revocable Living Trust form which provides a method of planning for the dissemination of your assets.  It allows flexibility in how, when to whom and for what purpose the funds in your trust are expended.  For instance, you can specify that your beneficiaries are not to receive their share until they have reached a certain age.  Or you can specify that the funds be expended on education only.  A trust also proides continuity in that it is an entity that continues in existence even after the grantor passes away.  The trustee is tasked with making sure the grantor’s wishes are carried out.  A revocable trust can be changed or revoked during the life of the grantor, but becomes irrevocable thereafter.