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Inter vivos is a Latin phrase which means “while alive” or “between the living.” This phrase is primarily used in property law and refers to various legal actions taken by a given person while still alive, such as giving gifts, creating trusts, or conveying property.
The meaning of INTER VIVOS is between living persons; especially : from one living person to another. How to use inter vivos in a sentence.
Inter vivos (Law 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 that takes effect on the death of the giver.
An inter-vivos trust is a living trust created that holds assets of a trustor. A benefit of an inter-vivos trust is that it helps avoid probate or the legal process of distributing the...
An "inter vivos" gift is a transfer of property or assets from one person to another while both are alive. To be valid, the giver must intend to make the gift, and the recipient must accept it. Who can make an "inter vivos" gift?
A Latin term meaning 'among the living,' typically pertaining to the transfer of property or creation of a trust during someone's lifetime, as opposed to after death. How to use "inter vivos" in a sentence.
An inter vivos gift is given between two living people. This is exempt from probate taxes because it's not part of the donor’s estate after their death.
An inter vivos transfer is a transfer of property made during a person’s lifetime. It can be contrasted with a testamentary transfer, which is a transfer made in a will after death.
A gift inter vivos, a gift between the living in Latin, is the legal term that refers to a transfer or gift made during the grantor's life. Inter vivos gifts, which include property related to an...
adverb. LAW uk us. made or given between living people: This new tax does not apply to gifts made inter vivos, which are also called lifetime gifts. (Definition of inter vivos from the Cambridge Business English Dictionary © Cambridge University Press)