Download a Wyoming Irrevocable Living Trust form which provides a tool for estate planning. A trust is a separate entity that can hold assets and property transferred by the person who creates the trust, called the grantor. The grantor can provide in the trust specific provisions and conditions that reflect his or her unique family situation. Because a trust is a separate entity from the grantor, it offers continuity as it continues in existence after the grantor passes away. The grantor chooses a trustee to operate the trust in a fiduciary capacity. Because of certain tax advantages, an irrevocable trust is not meant to be revoked or changed during the life of the grantor.