Loading...Download this Texas Revocable Living Trust form which, if prepared and executed properly can hold, as a separate entity, certain property and assets specified by an individual for the benefit of his or her chosen beneficiaries. A trust has the benefit of providing flexibility for an individual (the grantor) to direct how and when his or her assets will be distributed. For instance, a grantor could put an age threshold provision that would require a beneficiary to receive their share only after they reach a certain age. A trust also provides continuity as it continues as a separate entity even after a grantor has passed away. A revocable trust may be changed or revoked during the life of a grantor, but becomes irrevocable thereafter.