Living Trust

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Living trust
A living trust (inter vivos trust) is a trust created during a person's lifetime.
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This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License

WordNet 2.0 DictionaryDownload this dictionary
living trust
Noun
1. a trust created and operating during the grantor's lifetime
(synonym) inter vivos trust
(hypernym) trust



The Lectric Law Library DictionaryDownload this dictionary
Living Trust
A trust created during the maker's lifetime. Some living trusts are set up so that they can be changed during the maker's lifetime. These are called "revocable." Others, known as "irrevocable," are set up so that they can't be touched.

Courtesy of the 'Lectric Law Library.

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