Inter vivos trust definition

Inter vivos trust means any trust that is not a testamentary trust.
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Inter vivos trust means a trust established between living persons that commences when the settlor is alive;
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Inter vivos trust means an express trust other than a trust created by a will, taking effect during the lifetime or at or after the death of the settlor.
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Examples of Inter vivos trust in a sentence

  • If bankruptcy estate is checked, see the “Exceptions” in the instructions for lines 1 and 6a.• Inter vivos trust – a trust created during a grantor’s lifetime.• Testamentary trust – a trust created by a decedent’s will that comes into existence at the death of the decedent.• Section 645 election – allows a qualified revocable trust to be treated and taxed as part of the related estate during the election period.

  • SIMPLICITY OF EXECUTION Inter vivos trust deeds may be granted by private document by the settlor before a public notary anywhere in the world.

  • Inter vivos trust (living trust)An inter vivos trust (also called a living trust) is a trust established during the lifetime of the grantor.

  • Option 2: Inter vivos trust by declaration (STOP HERE) As this is a trust by declaration, the settlor and the trustee are the same person [insert settlor/trustee] who already the legal owner of the property (Paul v Constance).

  • Ohio law gives the Probate Court the exclusive power to rely and available the listen of testamentary trustees What is sophisticated Living Inter vivos trust drove the trust.

  • Inter vivos trust, also known as Living Trusts: a living trust is created when the owner of property conveys his or her property to a trust for his or her own benefit or for that of a third party (beneficiaries).The trust holds legal title and the beneficiary holds equitable title.

  • Inter vivos trust is effective either when the creator declares it is irrevocable or when the creator dies.

  • Inter vivos trust (living trust) An inter vivos, or living, trust ■ is created during your lifetime as a contract between you and a trustee ■ may be revocable or irrevocable ■ The trust’s assets can be returned to you at any time.

  • Gavin, 733 A2d 782 (CT, 1999) – Inter vivos trust created by Connecticut resident held resident trust under Connecticut statute.

  • Inter vivos trust is a trust created other than by the will of a decedent.Resident trust is any trust or portion of a trust, consisting of property transferred by the will of a decedent who, at the time of death, was a resident individual.


More Definitions of Inter vivos trust

Inter vivos trust means a personal trust, other than a trust created by will.
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Inter vivos trust means an express trust other than a
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Inter vivos trust means a personal trust, other than a trust created by will. (fiducie entre vifs)
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Related to Inter vivos trust

  • Family Trust means, with respect to any natural Person, a trust, limited partnership or limited liability company benefiting solely such individual and/or the Family Members of such individual.

  • Family Members means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Participant, any person sharing the Participant’s household (other than a tenant or employee), a trust in which these persons (or the Participant) have more than 50% of the beneficial interest, a foundation in which these persons (or the Participant) control the management of assets, and any other entity in which these persons (or the Participant) own more than 50% of the voting interests.

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of such individual or Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

  • Family Member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.

  • Special needs trust means a trust the trustee believes would not be considered a resource for purposes of determining whether a beneficiary with a disability is eligible for governmental benefits.

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

  • Charitable trust means any trust provided for in Section 8.2(a)(ii) and Section 8.3(a).

  • Plan Trust means the trust governed by the Plan.

  • Immediate Family Member means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a natural person referred to herein.

  • Immediate Family Members means, with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive relationships) and any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals or any private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Eligible Trust means - (i) a trust created by or in pursuance of the provisions of any law which is for the time being in force in any State, or (ii) a trust, the properties of which are vested in a treasurer under the Charitable Endowments Act 1890 (Act 6 of 1890), or (iii) a religious or charitable trust which is administered or controlled or supervised by or under the provisions of any law, which is for the time being in force relating to religious or charitable trusts or, (iv) any other trust, being an irrevocable trust, which has been created for the purpose of or in connection with the endowment of any property or properties for the benefit or use of the public or any section thereof, or (v) a trust created by a will which is valid and has become effective, or (vi) any other trust, being an irrevocable trust, which has been created by an instrument in writing and includes `depository' within the meaning of Clause(e) of Sub-section (1) of Section 2 of The Depository Act, 1996;

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Close Family Member means a parent, child or sibling who is not an immediate family member.

  • BNY Mellon Affiliate means any office, branch or subsidiary of The Bank of New York Mellon Corporation.

  • Qualified Domestic Relations Order means any judgment, decree, or order, including approval of a property settlement agreement, that:

  • Nonresident unincorporated business entity means an unincorporated business entity not having an office or place of business within the Municipality.

  • Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

  • Permitted Trust means a bona fide trust where each trustee is (i) a Qualified Stockholder, (ii) a Family Member, or (iii) a professional in the business of providing trustee services, including private professional fiduciaries, trust companies and bank trust departments.