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.

  • The beneficiary holds beneficial interest in the property.There are two types of trusts:• Testamentary trust: One created under a will which is formed upon the testator’s death• Inter vivos trust: Created during the grantor’s life and which to qualify under Section 501(c)(3), must be irrevocable.Charitable organizations created through a trust document are primarily private foundations.The organizing document of a charitable organization exempt under Section 501(c)(3) must include:a.

  • 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 instruments, on the other hand, often expressly provide for periodic accountings in a nonjudicial setting.870When the beneficiary withholds approval in a non-judicial setting.

  • Life estate ‐ Provided the person is low‐income and occupies the housing as his or her principal residence.3. Inter vivos trust, also known as a living trust ‐ If all beneficiaries of the trust qualify as a low‐income family and occupy the property as their principal residence.

  • If you do not have enough space, provide the requested information on a separate sheet and enclose it with your application.Person or entity involvedIndividual Testamentary trust Inter vivos trust Business corporation PartnershipOther (specify): Nature of the dutiesPersonal income tax Corporation income tax Source deductions and employer contributions QST GST/HSTOther (for example, fuel tax or tobacco tax).

  • Type of Estate or Trust Check one of the boxes to indicate the type of estate or trust.• 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.• Electing small business trust (ESBT) – a trust that has income from one or more S corporations.

  • In the case of a trust created pursuant to the terms of a will probated within the United States (other than an ancillary probate), if all fiduciaries of the trust have been quali- fied as trustees of the trust by a court within the United States, the trust meets the court test.(iii) Inter vivos trust.

  • 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 willthat comes into existence at the death of the decedent.

  • The DSMB will also be asked to look at whether the 30 clusters are adequately balanced and will provide advice regarding whether any adjustments are required to achieve balance (expand sites or replace sites).


More Definitions of Inter vivos trust

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.
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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, as to a Person that is an individual, such Person’s spouse, ancestors, descendants (whether by blood or by adoption or step-descendants by marriage), brothers and sisters, nieces and nephews and inter vivos or testamentary trusts (whether revocable or irrevocable) of which only such Person and his or her spouse, ancestors, descendants (whether by blood or by adoption or step-descendants by marriage), brothers and sisters and nieces and nephews are beneficiaries.

  • 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 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.

  • Personal Account means any account owned by, or in the name of, an OppenheimerFunds Employee or Access Person in which Securities may be held or any such account in which an Employee (including an Access or Investment Person) has a Beneficial Interest.

  • Income trust means a trust that is not a unitrust.

  • Proprietary or Sub-advised Mutual Fund means any open-end Mutual Fund for which MSIM acts as investment adviser or sub-adviser.

  • 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.

  • Computer Virus means a set of corrupting, harmful or otherwise unauthorized instructions or code including a set of maliciously introduced unauthorized instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature. “Computer Virus” includes, but is not limited to, “Trojan Horses,” “worms” and “time or logic bombs”.

  • 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:

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