Inter-Vivos Trust

Inter…as in...“between.”

Vivos…uh…part of an Elvis Presley song, right? Wasn't that a Thing? "Vivos Las Vegas"? Eh, maybe not.

Vivos means “the living.” Inter-Vivos is a trust…“between the living.” So...sorry all you zombies with large inheritances. You don’t qualify.

Yeah, Inter-Vivos really is just another word for a “living trust,” an estate planning vehicle that’s set up before the trustor has kicked the bucket...so that they can transfer their assets to trustees without having to go through all that probate nonsense. In other words…they can keep the courts from getting involved.

And with an Inter-Vivos trust, it isn’t even necessary to wait until the trustor has gone the way of the dodo before those assets are distributed. Bequeathed items and/or cash can also start being divvied out during the trustor’s lifetime...although a trustee might want to consider signing some kind of “no take-backsies” contract, just in case Grandpappy starts getting trustor’s remorse.