Washington Living Trust Forms
Download a Washington Living Trust form which provides a person a way to plan for the distribution of his or her assets. Why would a person create a trust? For one thing, a trust provides continuity of asset management. It is a separate entity, separate from the grantor (person creating the trust) so it has an exisitence beyond the life of the grantor. It is flexible. A grantor can include provisions that place conditions or restrictions on how the funds are distributed. A trust is also private. It is not filed with the probate court like a will. A trust includes a trustee who is charged with managing the trust in a fiduciary capacity for the benefit of the beneficiaries.
Revocable vs. Irrevocable: A revocable trust may be modified or revoked during the life of the grantor, but it becomes irrevocable after the grantor passes away. An irrevocable trust is not meant to be revoked or changed during the life of the grantor.