Inter Vivos Trust

Description and Definition of Inter Vivos Trust

A lifetime trust. An Inter Vivos Trust is created during the lifetime of the benefactor, as opposed to a testamentary trust that is created after the death of the benefactor. If irrevocable, income on the trust principal is shifted to the trust beneficiaries.

Resources

See Also

Further Reading

• Inter Vivos Trust in the West's Tax Law Dictionary
• Inter Vivos Trust in “A Dictionary of Taxation”