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inter vivos trust |
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Inter vivos trust A trust created between living persons. Antithesis of a testamentary trust.
inter vivos trust A trust established during the granting party's lifetime, rather than by virtue of the party's will. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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citizen G establishes and funds an irrevocable inter vivos trust (Trust) for the benefit of G's descendants. Also known as a revocable inter vivos trust, it allows you to transfer property into it and specify a trustee who will manage the property. Helen Wall created three irrevocable inter vivos trusts for the benefit of family members. |
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