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Inter Vivos
By Contributor on January 3, 2019
Inter vivos is a legal term used to refer to the period within or during one’s lifetime.
An inter vivos branch for example, are concepts that are used for transactions and agreement that were made during one’s lifetime.
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This can result in certain rules that apply depending on when the agreement was done, and the circumstances around it.
The term inter vivos is most commonly used to describe trusts that are established during the grantors’ lifetime.
Inter vivos trusts are living trusts that come into effect during the creator’s lifetime.
This is as opposed to using testamentary trusts in wills or rely on state laws regarding conveyance after death.
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