inter vivos in a sentence
Examples
- Letters of wishes are normally used in testamentary trusts, although theoretically there is no reason why they should not be used in an " inter vivos " trust.
- Charitable trusts may be set up inter vivos ( during a donor's life ) or as a part of a trust or will at death ( testamentary ).
- An Inter vivos trust is often used synonymously with the more common term Living trust, but an Inter vivos trust, by definition, includes both revocable and irrevocable trust.
- The response has been to view the secret trust as a disposition " inter vivos " ( " between the living " ) rather than testamentary in nature.
- Carryover basis, also referred to as a " transferred basis ", applies to inter vivos gifts and transfers in basis in property is the cost to acquire the property.
- Prior to Ranulf's death, however, he had also made Hawise, his youngest sister an " inter vivos " gift, after receiving dispensation from the crown, of the Earldom of Lincoln.
- To avoid this problem, one approach has been to reclassify the secret trust as " inter vivos " ( " between the living " ) but this creates other problems.
- By this time there were approximately 113 trusts participating in the fund, about half inter vivos trusts and half testamentary trusts, with combined gross capital assets of nearly three million dollars.
- Also known as a revocable ! ital ! inter vivos ! off ! trust, it allows you to transfer property into it and specify a trustee who will manage the property.
- In most countries no formalities are required to create an " inter vivos " trust over personal property, but there are often formalities associated with trusts over real property, or testamentary trusts.