inter vivos trust
Definition
Trust established by a living person for the benefit of another, such as a trust established by a parent for an offspring. In contrast, a testamentary trust is created by a will—going into effect only when the will maker dies. Inter vivos is Latin for, between the living.
inter vivos trust is in the Corporate, Commercial, & General Law subject.
inter vivos trust appears in the definitions of the following terms: testamentary trust and Clifford trust
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