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Download this Wisconsin Revocable Living Trust form which is a document that creates a separate legal entity  for holding assets and property.  A grantor creates a trust for a number of reasons, including to create certain conditions and terms that reflect the circumstances of his or her family and values.  For instance, in a trust, a grantor can specify that until a beneficiary reaches a certain age, funds from the trust may only be spent on education.  In addition, because a trust is a separate entity, it is continuous and survives the grantor.  The grantor chooses a trustee who is in charge of making sure the provisions are carried out.  A revocable trust can be revoked or modified during the life of the grantor, but becomes irrevocable when the grantor passes away.