Inter-Vivos Trust
A trust created during the lifetime of the trustor. Investopedia Says:
Also known as a living trust, this trust has a duration that is deemed at the trust's creation and can entail the distribution of assets to the beneficiary during or after the trustor's lifetime. Typically these trusts are created because the beneficiary is unable or unwilling to manage the gifted assets personally. Related Terms:
Beneficiary
Blind Trust
Gift
Testamentary Trust
Trust
Trustee
Trustor |