inter vivos trust

inter vivos trust
inter vivos trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

inter vivos trust
The Latin name for a living trust. "Inter vivos" is Latin for "between the living."
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

inter vivos trust
n.
   a trust created by a writing (declaration of trust) which commences at that time, while the creator (called a trustor or settlor) is alive, sometimes called a "living trust." The property is then placed in trust with a trustee (often the trustor during his/her lifetime) and distribution will take place according to the terms of the trust-possibly both during the trustor's lifetime and then upon the trustor's death. This is different from a testamentary trust, which is created by the terms of a will and places some assets from the dead person's estate in a trust to exist from the date of death and until fully distributed.

Law dictionary. . 2013.

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Look at other dictionaries:

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  • inter vivos trust — Same as trust inter vivos …   Ballentine's law dictionary

  • inter vivos trust — noun a trust created and operating during the grantor s lifetime • Syn: ↑living trust • Hypernyms: ↑trust …   Useful english dictionary

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  • inter vivos trust — noun Date: 1949 living trust …   New Collegiate Dictionary

  • inter vivos trust — /ˌɪntə vi:vəυs trʌst/ noun a trust set up by one person for another living person …   Dictionary of banking and finance

  • inter vivos — in·ter vi·vos / in tər vī vōs, vē / adv or adj [Late Latin]: between living persons an inter vivos transfer see also donation inter vivos at donation; gift inter vivos at gift; …   Law dictionary

  • Inter vivos — (Latin, between the living ) is a legal term referring to a transfer or gift made during one s lifetime, as opposed to a testamentary transfer (a gift that takes effect on death).The term is often used to describe a trust established during one s …   Wikipedia

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  • inter vivos — in‧ter vi‧vos [ˌɪntə ˈviːvɒs ǁ tər ˈviːvoʊs, ˈvaɪ ] adverb LAW from one living person to another living person: • A joint tenancy is severed if a joint tenant disposes of his interest inter vivos. inter vivos adjective : • an inter vivos gift * * …   Financial and business terms

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