Yes. There are two types of trusts, living (intervivos) and
testamentary. The living trust is created by a living person(called
the settlor or trustor). The testamentary trust is created by the
will of a deceased person. Living trusts are designated as either
revocable or irrevocable depending on the authority of the
settlor.
If the settlor has the power to cancel or revoke the trust, it
is a revocable trust. If the settlor has no power to revoke it then
it is an irrevocable trust. Since the revocable/irrevocable
distinction is determined by what the settlor can do while he or
she is alive, the trust had to have been made during the settlor's
lifetime. Hence, an irrevocable trust is a living trust.
On the other hand a trust that is set forth in a person's will
is revocable during the life of the testator simply by a
modification of the will through a codicil. Once the testator has
died that trust becomes irrevocable.