Utah Living Trust Forms
Download a Utah Living Trust Form which provides a way for a grantor (the person who creates the trust) to plan for the distribution of his or her property by setting aside certain property and assets into a separate entity for the benefit of the grantor’s loved ones. 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 is flexible. Because the entity continues in existence even after the grantor dies, a trust provides continuity of property management. The grantor chooses a trustee who is charged with carrying out the the trust for the best interest of the beneficiaries.
Revocable vs. Irrevocable: Revocable trusts can be modified or terminated 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.