inter vivos trust Synonyms

No Synonyms and anytonyms found

inter vivos trust Meaning

Wordnet

a trust created and operating during the grantor's lifetime

An inter vivos trust is a legal entity created by a living person, typically to manage assets and distribute them upon their passing.
The grantor of an inter vivos trust retains control of the assets during their lifetime and can make changes as needed.
Upon the grantor's death, the assets in the inter vivos trust are distributed to the beneficiaries as specified in the trust document.
Inter vivos trusts can be used to reduce estate taxes by transferring assets out of the grantor's estate before they pass away.
They can also be used to provide for loved ones with special needs or to protect assets from creditors.
The terms of an inter vivos trust can be tailored to the grantor's specific needs and wishes.
They are typically managed by a trustee, who is responsible for carrying out the instructions outlined in the trust document.
Inter vivos trusts are often compared to wills, but they offer greater flexibility and control.
They can be useful estate planning tools for individuals with complex financial situations.
It is important to seek professional advice when establishing an inter vivos trust to ensure that it meets the grantor's goals and complies with applicable laws.

a trust created and operating during the grantor's lifetime

No synonyms found.

No antonyms found.

An inter vivos trust is a legal entity created by a living person, typically to manage assets and distribute them upon their passing.

The grantor of an inter vivos trust retains control of the assets during their lifetime and can make changes as needed.

Upon the grantor's death, the assets in the inter vivos trust are distributed to the beneficiaries as specified in the trust document.

Inter vivos trusts can be used to reduce estate taxes by transferring assets out of the grantor's estate before they pass away.