Download a Wyoming Revocable Living Trust form which allows a grantor (the individual creating the trust), the option to place assets and property in a separate legal entity for the benefit of his or her specified beneficiaries. Why would an individual want to put assets and property in a separate entity? One reason is because a trust offers flexibilty to the grantor who is able to include specific conditions or restrictions in the trust which reflect the grantor’s specific family situation. A trust also offers continuity because it continues to operate even after the grantor passes away. The trustee, who is appointed by the grantor, is charged with managing the trust as a fiduciary. A revocable trust can be modified or revoked during the life of the grantor, but it becomes irrevocable after the grantor passes away.