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living trust

 

Definitions from WordNet

Noun living trust has 1 sense
  1. 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

Living Trust

Description:

A living trust, also known as an inter vivos trust, is a legal document created during a person's lifetime to manage their assets and property. It is a valuable estate planning tool that allows assets to be distributed to beneficiaries after the individual's death without going through probate.

Sample Sentences:

  • She decided to create a living trust to ensure a smooth transfer of her assets to her children.
  • The living trust provided for the easy management and protection of the family's real estate properties.
  • By establishing a living trust, he could avoid the costly and time-consuming process of probate.
  • They appointed a trustee to oversee the administration of their living trust.

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