inter vivos trust

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Noun

inter vivos trust - a trust created and operating during the grantor's lifetime

living trust

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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inter vivos
living trust

trust

citizen G establishes and funds an irrevocable inter vivos trust (Trust) for the benefit of G's descendants.

Defective grantor trusts: new IRS ruling enhances estate planning by Josephs, Stuart R. / California CPA

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.

LEAVING IT BEHIND; PROTECT YOURSELF WITH AN ESTATE PLAN by Daily News (Los Angeles, CA)

Helen Wall created three irrevocable inter vivos trusts for the benefit of family members.

Grantor's power to change trustee did not bring trust assets into ... by Journal of Accountancy

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