Inter-Vivos Trust


DEFINITION of 'Inter-Vivos Trust'

A fiduciary relationship used in estate planning that is created during the lifetime of the trustor. Also known as a living trust, this trust has a duration that is deemed at the trust's creation and can entail the distribution of assets to the beneficiary during or after the trustor's lifetime. The opposite of an inter-vivos trust is a testamentary trust, which goes into effect upon the death of the trustor.

BREAKING DOWN 'Inter-Vivos Trust'

One important reason for establishing a trust is to avoid probate, a process of distributing the deceased's assets in court. This process can be lengthy, costly and can also expose a family's private financial matters by making them a matter of public record. A properly established trust helps ensure that assets go to their intended recipients in a timely and private matter.

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  2. Living Trust

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  3. Voluntary Trust

    A type of living trust that is created during the lifetime of ...
  4. Testamentary Trust

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  5. Blind Trust

    A trust in which the executors have full discretion over the ...
  6. Gift

    Property, money or assets that one person transfers to another ...
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