Texas Living Trust Forms

Download a Texas Living Trust Form which provides a way for an individual to set aside certain property and assets into a separate entity for the benefit of the grantor’s (the person who creates the trust), loved ones.  A trust provides flexibility because the grantor can include certain parameters, such as age requirements, or purpose requirements, governing the dissemination of the assets depending on his or her family situation.  A trust provides continuity of property management, because the entity continues in existence even after the grantor dies.  A trustee, chosen by the grantor,  is charged with carrying out the the trust for the best interest of the beneficiaries.

Revocable vs. Irrevocable:  Revocable trusts can be changed or revoked during the life of the grantor and the assets in a revocable trust are includable in the grantor’s taxable estate.  Irrevocable trusts are not meant to be changed or revoked.