Between living persons: an inter vivos trust.
[Latin inter vīvōs : inter, among + vīvōs, accusative pl. of vīvus, a living being.]
Dictionary:
in·ter vi·vos (ĭn'tər vē'vōs', vī'-) ![]() |
[Latin inter vīvōs : inter, among + vīvōs, accusative pl. of vīvus, a living being.]
| Real Estate Dictionary: Inter Vivos |
During one's life.
Example: Abel makes an inter vivos gift of $10,000 to each of 3 children. The children spend the $10,000 and may inherit more money if Abel names them in the Will he is preparing.
| Law Encyclopedia: Inter Vivos |
[Latin, Between the living.] A phrase used to describe a gift that is made during the donor's lifetime.
In order for an inter vivos gift to be complete, there must be a clear manifestation of the giver's intent to release to the donee the object of the gift, and actual delivery and acceptance by the donee.
An inter vivos gift is distinguishable from a gift causa mortis, which is made in expectation of impending death.
| Latin Phrase: Inter Vivos |
Between living persons
| gift | |
| donor | |
| donee |
Copyrights:
![]() | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved. Read more | |
![]() | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved. Read more | |
![]() | Latin Phrase. © 1999-2009 by Answers Corporation. All rights reserved. Read more |
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