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Download this Tennessee Irrevocable Living Trust form which allows an individual to make decisions as to how, when, for how much and for what purpose, his or her assets are distributed to his or her loved ones.  A trust is a separate entity that exists separate from the grantor and this continues even after the grantor has passed away.  A grenator can create a trust with specific provisions based upon his or her unique family circumstances.  A trust, in addition to being flexible and continuous is also private.  It is not filed with the probate court and its contents are private.  An irrevocable trust is not meant to be changed or revoked during the life of the grantor because if it is prepared, maintained and executed properly, it can have the effect of removing the chosen assets out of the taxable estate of the grantor.