Inter vivos

Inter vivos

Inter vivos (Latin, "between the living") is a legal term referring to a transfer or gift made during one's lifetime, as opposed to a testamentary transfer (a gift that takes effect on death).

The term is often used to describe a trust established during one's lifetime, i.e., an Inter vivos trust as opposed to a Testamentary trust which is established on one's death, usually as part of a will. An Inter vivos trust is often used synonymously with the more common term Living trust, but an Inter vivos trust, by definition, includes both revocable and irrevocable trust, whereas Living trusts typically refer only to revocable trusts. [Google search 6/21/07, some definitions for "living trust" state that it is revocable, while other definitions state that it can be either revocable or irrevocable.]

References


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Look at other dictionaries:

  • inter vivos — in·ter vi·vos / in tər vī vōs, vē / adv or adj [Late Latin]: between living persons an inter vivos transfer see also donation inter vivos at donation; gift inter vivos at gift; …   Law dictionary

  • inter vivos — in‧ter vi‧vos [ˌɪntə ˈviːvɒs ǁ tər ˈviːvoʊs, ˈvaɪ ] adverb LAW from one living person to another living person: • A joint tenancy is severed if a joint tenant disposes of his interest inter vivos. inter vivos adjective : • an inter vivos gift * * …   Financial and business terms

  • inter vivos — [in΄tər vī′vōs΄] adv., adj. [L, among the living] from one living person to another or others [a gift made inter vivos, inter vivos trusts] …   English World dictionary

  • ínter vivos — (Loc. lat.); literalmente, entre los vivos ). ☛ V. donación ínter vivos …   Diccionario de la lengua española

  • inter vivos — (izg. ȉnter vȋvos) DEFINICIJA među živima; za života ETIMOLOGIJA lat …   Hrvatski jezični portal

  • Inter vivos — es una expresión latina que se utiliza en derecho para referirse a aquellos actos jurídicos que se producen entre personas vivas, en contraposición a los actos mortis causa. La expresión literalmente significa entre vivos . Ejemplo clásico de… …   Wikipedia Español

  • Inter vivos — (lat.), unter Lebenden, z.B. Donatio i. v., s. Schenkung …   Pierer's Universal-Lexikon

  • Inter vīvos — (lat., »unter den Lebenden«), bei Lebzeiten …   Meyers Großes Konversations-Lexikon

  • Inter vivos — (lat.), unter Lebenden, bei Lebzeiten …   Kleines Konversations-Lexikon

  • Inter vivos — Inter vivos, lat., unter den Lebenden …   Herders Conversations-Lexikon

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