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inter vivos trust
(redirected from Inter-Vivos Trust)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
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Noun1.inter vivos trust - a trust created and operating during the grantor's lifetime
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"


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In Matter of Heller, an apparent case of first impression, the New York Surrogate's Court permitted the severance of "an irrevocable inter-vivos trust into two trusts for the novel purpose of insulating the trust's substantial cash and securities from potential creditor's claims that could arise from the trust's real property.
 
 
 
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