Inter-Vivos Trust

A fiduciary relationship used in estate planning that is created during the lifetime of the trustor. Also known as a living trust, this trust has a duration that is deemed at the trust's creation and can entail the distribution of assets to the beneficiary during or after the trustor's lifetime. The opposite of an inter-vivos trust is a testamentary trust, which goes into effect upon the death of the trustor.

One important reason for establishing a trust is to avoid probate, a process of distributing the deceased's assets in court. This process can be lengthy, costly and can also expose a family's private financial matters by making them a matter of public record. A properly established trust helps ensure that assets go to their intended recipients in a timely and private matter.

Investment dictionary. . 2012.

Look at other dictionaries:

  • inter vivos trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. inter vivos trust …   Law dictionary

  • 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

  • inter vivos trust — A trust created between living persons. Antithesis of a testamentary trust. Bloomberg Financial Dictionary …   Financial and business terms

  • 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

  • inter vivos — |intə(r)|vēˌvōs, |vīˌv adverb (or adjective) Etymology: Latin : between living persons : from one living person to another transaction inter vivos inter vivos trust compare donatio mortis causa * * * inter vivos …   Useful english dictionary

  • 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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