Living trust
From Biocrawler, the free encyclopedia.
(Redirected from Inter vivos)
A living trust (or inter vivos trust) is a type of trust created for the purpose of holding ownership to an individual's assets during the person's lifetime, and for distributing those assets after death.
In the United States it is often used because it can allow assets to be passed to heirs without going through probate. Avoiding probate may save some costs, time, and maintain privacy (the probate process is public).
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External Links
- General information from the Office of New York State Attorney General (http://www.oag.state.ny.us/seniors/living_trust.html)
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