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Inter vivos
Inter vivos (Law 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 that takes effect on the death of the giver.[1]
The term is often used to describe a trust established during one's lifetime, i.e., an inter vivos trust as opposed to a testamentary trust that is established on one's death, usually as part of a will. An inter vivos trust, by definition, includes both revocable and irrevocable trusts.[2]
- ^ Keister, Lisa A.; Benton, Richard A.; Moody, James W. (February 2019). "Cohorts and wealth transfers: Generational changes in the receipt of inheritances, trusts, and inter vivos gifts in the United States". Research in Social Stratification and Mobility. 59: 1–13. doi:10.1016/j.rssm.2019.01.002.
- ^ V, Natalia; Laan, er. "Living trusts allow estates to avoid probate". www.recordcourier.com. Retrieved 2021-04-09.
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