inter vivos trust

Definition

A revocable trust created while the donor is still alive, to hold property for the benefit of another. also called living trust.

Use inter vivos trust in a sentence

Jimmy has agreed to declare an inter vivos trust with his son, transferring his car to his son for the remainder of his life.

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The donor was still alive and well, so we decided to make an inter vivos trust, which would be very good to have in the future.

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Mary had set up an inter vivos trust for her son Albert while she was still alive, and he greatly benefitted from her generosity.

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testamentary trust settlor