Download this Texas Irrevocable Living Trust form which provides a way for an individual, or grantor, to plan for the distribution of his or her assets. A trust is a separate entity that can hold property and assets pursuant to the terms set forth by the grantor. For instance, a grantor may put terms in the trust that a beneficiary must be 25 to receive his or her share or that the funds should be used for education purposes. A grantor can assess his or her unique family situation to determine what provisions are important. In addition, a trust is continuous because it is a separate entity that continues even if the grantor passes away. An irrevocable trust is not meant to be changed or revoked.