1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 1.00 out of 5)
Loading...

Download this Virginia Irrevocable Living Trust form which allows for a grantor (the person creating the trust) to set aside property and assets into a separate entity called a trust for the benefit of his or her specified beneficiaries.  Why would someone do this?  A trust provides continuity, flexibility and privacy for someone making an estate plan.  It is flexible because the grantor can dictate terms and conditions of distribution, so if he or she wants to specify that a beneficiary not receive any distribution until they reach a certain age, he can do that.  A trust also provides continuity because it is a separate entity from the grantor and survives the grantor.  It is also a private document, not filed with the court, like a will.  An irrevocable trust, because it may have certain tax advantages, is not meant to be changed or revoked during the life of a grantor.

Preview

[fbcomments]