Download this Vermont Irrevocable Living Trust form which provides a way for a person to set aside assets and property to be held in a separate entity for the benefit of his or her beneficiaries.  A trust provides continuity because it is a separate entity created separate from the grantor and it surivives the grantor.  A trust is also flexible because the grantor can pur provisions in the trust that reflect his unique family situation and his unique values.  A trust is also private in that it is not filed with the probate court.  A grantor appoints a trusted person or entity to manage the trust, called the trustee.  The trustee is tasked with managing the trust in a fiduciary capacity for the benefit of the beneficiaries.  An irrevocable trust, because it may have some tax advantages, is not meant to be revoked or changed during the life of the grantor.

Preview

[fbcomments]