inter vivos trust
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Inter vivos trust
A trust created between living persons. Antithesis of a testamentary trust.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
inter vivos trust
See living trust.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
inter vivos trust
A trust established during the granting party's lifetime, rather than by virtue of the party's will.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.