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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 into which the grantor deposits certain assets for the management by another party while the grantor is still living. That is, the inter-vivos trust is created and maintained before the grantor dies. Generally speaking, an inter-vivos trust exists to help avoid estate taxes after death and other taxes while still living. One may also set up an inter-vivos trust to facilitate long-term property management. It is also called a living trust.
inter vivos trust A trust established during the granting party's lifetime, rather than by virtue of the party's will. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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