Inter Vivos Trust
/ˌɪntər ˈvɪvoʊz trʌst/
Definitions
- (n.) A trust created during the settlor's lifetime for the benefit of designated beneficiaries, distinct from a testamentary trust.
She established an inter vivos trust to manage her assets while she was alive.
Forms
- inter vivos trust
Related terms
See also
Commentary
Inter vivos trusts are effective immediately upon creation and are often used for estate planning to avoid probate.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.