Wisconsin Living Trust Forms
Download a Wisconsin Living Trust form in order to create a separate entity to which you can transfer your chosen assets and property to be held for the benefit of your chosen beneficiaries. The person who creates the trust, or the grantor, has flexibility to choose terms and provisions that reflect his or her unique family situation and values. For instance, a grantor might want to make sure his or her beneficiaries are old enough to spend the funds wisely and thus impose an age restriction in the trust. A grantor may want to make sure his beneficiaries receive an education and thus may include provisions requiring that funds spent go to education expenses.
Revocable vs. Irrevocable: A grantor may change or terminate a revocable trust before he or she passes away, 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 due to certain tax issues that may be involved.