inter vivos trust

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Definitions from WordNet

Noun inter vivos trust has 1 sense

living trust, inter vivos trust - a trust created and operating during the grantor's lifetime
--₁ is a kind of trust

Definitions from the Web

Inter vivos trust

Part of Speech: Noun

Sense: An inter vivos trust, also known as a living trust, is a legal arrangement in which a person's assets are placed into a trust during their lifetime, and then transferred to designated beneficiaries upon their death.

Usage:

When planning her estate, Sandra decided to establish an inter vivos trust to ensure her assets would be distributed to her children according to her wishes.
Inter vivos trusts can help avoid probate and provide more privacy compared to a traditional will.
The lawyer explained the benefits of creating an inter vivos trust as a way to protect her client's assets.

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