Definitions for "Inter Vivos Trust" Add To Word List
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A revocable trust created while the donor is still alive, to hold property for...
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a trust created by an individual during his or her lifetime.
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Also called a Living Trust, this type of trust is created during the grantor's lifetime into which property is placed with instructions for its management and distribution upon disability or death.
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A trust made while the owner (called the settlor) is still alive.
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This is a trust that you register and implement during your lifetime.
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A trust created by a person during his/her lifetime. Also known as a "living trust".
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a trust created and operating during the grantor's lifetime
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a trust created by the grantor during the grantor's lifetime to go into effect during the grantor's lifetime
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a trust created during the lifetime of the settlor and takes effect the date the trust instrument is signed
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a trust created during your lifetime, as opposed to a testamentary trust, which takes effect upon death
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a trust that is created during the lifetime of the person (the settlor) who creates the trust
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a trust that is established and funded during the life of the settlor
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a trust that is not a testamentary trust
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A type of trust created during the settlor's lifetime.
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Latin for “between the living.” A trust that is created and comes into existence during the grantorâ€(tm)s lifetime.
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A trust created during the grantor's lifetime, which becomes effective during the grantor's lifetime as opposed to a testamentary trust, which takes effect at the death of the grantor. An inter vivos trust is also known as a living trust.
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A trust, also called a living trust, created during a per­son's lifetime. It operates during that person's lifetime as opposed to a testamentary trust, which does not operate until the grantor dies.
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This type of trust is created during the lifetime of the settlor (the person creating the trust). Also known as a living will.
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The legal name for a living trust (private will). p 124
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trust created during the grantor's lifetime, usually by means of a trust instrument or agreement.
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Legal name for a living trust. The trust is set up by the grantor during his or her lifetime.
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A trust created during the grantor's lifetime. It operates during the grantor's lifetime as opposed to a testamentary trust, which does not operate until the grantor dies.
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A trust that is created during a person's lifetime that holds property for the benefit of another.
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Also known as a living trust, inter vivos trusts are created during the lifetime of the settlor.
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A trust that you establish during your lifetime.
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Another name for a living trust.
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An ordinary trust established by a person while living to manage and distribute assets to other living persons. (Inter vivos is Latin for "between the living.")
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A trust created during the settlor's lifetime; the same as a living trust; to be distinguished from trust under will or testamentary trust.
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A trust created "between the living." The grantor (trustor) is a living person. An inter vivos trust can be either revocable or irrevocable.
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A trust created by agreement during life, as opposed to a testamentary trust created by a will. Such a trust can be used to hold legal title to assets during a person's lifetime and thereby shelter those assets from probate at the person's death.
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A trust established to serve some function while the grantor is still alive. A testamentary trust, on the other hand, operates only upon the grantor's death and is created in his or her will.
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A trust created between living people. The grantor (settlor or trustor) is a living person or existing corporation. Compare this to a testamentary trust.
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A trust that becomes effective during the lifetime of the one who establishes it (the settlor) as opposed to a testamentary trust that takes effect at the death of the settlor.
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A trust created while the creator of the trust is living. Also known as a living trust.
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A type of trust created during one's lifetime to hold property for the benefit of him/herself or another person.
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See "Revocable living trust."
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A revocable trust created during someone's lifetime to hold assets during that person's lifetime, thereby removing those assets from probate at death; also called a living trust.
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A trust established during the grantor's life; also called a living trust.
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See living trust below.
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See lifetime trust.
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A trust created between living people. Compare to a testamentary trust. Intestacy - The process of dying without a will, trust or estate plan in place. Can be costly, time consuming and can have your estate plan distributed in a fashion that was not what you intended.
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irrevocable trust impaired credit
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A trust created during a grantor’s lifetime in which the grantor has the authority to revoke or change the trust until death. At the death of the grantor the trust becomes irrevocable. In contrast, a will may contain a testamentary trust which comes into existence only when the probate court authenticates a deceased grantor’s will and the provisions become irrevocable. | | | B-C | | C-D | D-E | E-F | F-G | G-H | H-I
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A trust established between two or more individuals that are alive--also called "living trust". The opposite is a testamentary trust, which is effective when the individual who established the trust dies. See: Living Trust; Testamentary Trust
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A trust that is created and takes effect during the lifetime of the grantor. Contrast with Testamentary Trust.
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This type of trust document comes into effect during the lifetime of the settlor. Also known as a living trust.
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Trust which is set up during one's lifetime.
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irrevocable trust legacy
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