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inter vivos trust::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | living trust |
| Type of | trust |
Examples of inter vivos trust
inter vivos trust
A settlor who is living at the time the trust is established creates an inter vivos trust.
From the en.wikipedia.org
It is not unusual for an individual to create an inter vivos trust with a corporate trustee who may then disburse funds only for causes articulated in the trust document.
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A protector may be appointed in an express, inter vivos trust, as a person who has some control over the trustee-usually including a power to dismiss the trustee and appoint another.
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Charitable trusts may be set up inter vivos, during a donor's life, or as a part of a trust or will at death, as testamentary.
From the en.wikipedia.org
