Inter vivos

Inter Vivos definition:
Latin: from one living person to another living person.
Related Terms: Bare Trust
In Bouvier's Law Dictionary (Boston, 1897, page 1088), inter vivos is defined as: ...

Inter Vivos: "Between the living." This term is used in a transfer of property, or other transaction, which occurs between living persons.

Inter Vivos
It is a Latin word meaning "During the life of" or "among the living". It refers to a gift in form of transfer of assets by a living person to another living person as an agreement.

Inter Vivos Gift: A gift made during the giver's life.
Inter Vivos Trust: Another name for a living trust.
Intestacy Laws: See descent and distribution statutes.

INTER VIVOS - Lat. During the life of. Usually referred to in probate or in trust or other transfers. An inter-vivos gift is thus a gift made while someone is alive. An inter-vivos trust is more commonly known as a living trust.

Inter vivos
Latin: from one living person to another living person. For example, an inter vivos trust is one which the settlor sets up to take effect while he or she is still alive.

inter vivos
(in-tur veye-vohs) adj. Latin for "among the living", usually referring to the transfer of property by agreement between living persons and not by a gift through a will.

Inter Vivos Trust:
Another name for living trust. See also living trust.
. Interlocutory Order: ...

INTER VIVOS. Between living persons; as, a gift inter vivos, which is a gift made by one living person to another; see Gifts inter vivos.

inter vivos
(in-tur veye-vohs) adj. Latin for "among the living," usually ref...
inter vivos trust
n. a trust created by a writing (declaration of trust) which comm...

Gift inter vivos
Definition -
: a gift made during the lifetime of the donor and delivered with the intent of surrendering immediately and irrevocably dominion and control over the property ...

Trusts which take effect during the life of the settlor are called inter vivos trusts. TOP Testator : A person who dies with a valid will. TOP Testimony : The verbal presentation of a witness in a judicial proceeding.

There are two main classes of gifts, gifts inter vivos and gifts causa mortis. The former is an outright transfer of property, the ordinary type of gift. A gift causa mortis, on the other hand, resembles a legacy, or bequest made under a will.

Inter vivos: (Latin: between living persons) An inter vivos trust is set up to take effect while the settlor is still alive (as opposed to a testamentary trust, which takes effect only on the settlor's death).

Living trust - A trust set up and in effect during the lifetime of the grantor. (Also called inter vivos trust.)
Loose-leaf services -Loose-leaf replacement pages provided by a publisher in areas of the law where changes occur at a rapid rate.

Living trust: A trust that is in effect while the maker of the trust is still alive, as opposed to a trust set up by a will. Also known as an inter vivos trust.

Testamentary trust
A trust which is to take effect only upon the death of the settlor and is commonly found as part of a will. Trusts which take effect during the life of the settlor are called inter vivos trusts.
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The word "fiduciary" can be used to describe the responsibilities of the trustee towards the beneficiary. A will is a form of trust but trusts can be formed during the lifetime of the settlor in which case it is called an inter vivos or living trust.

See also: Law, Property, Person, Trust, Will