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Download this Utah Irrevocable Living Trust form which provides a way for a grantor (individual creating a trust) to place assets and property in a separate entity for the benefit of his or her chosen beneficiaries.  The trust provides flexibility to the grantor because he or she can specify how, when, for what purpose and for how much the assets in the trust should be expended.  A grantor, for instance, can choose to impose an age requirement on a beneficiary before they can receive any distribution from the trust.  In addition, a trust provides continuity because it continues after the life of the grantor.  A trustee, appointed by the grantor, manages the trust for the benefit of the beneficiaries in a fiduciary capacity.  An irrevocable trust, because it may have some tax advantages, is not meant to be changed or revoked during the life of the grantor.

 

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