Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

inter vivos transfer

Read a random definition: consolidated laws

A quick definition of inter vivos transfer:

An inter vivos transfer is when someone gives away or sells something they own while they are still alive. This is different from a transfer that happens after they die, which is called a testamentary transfer. Even if someone creates a trust that doesn't give the beneficiary anything until after they die, it still counts as an inter vivos transfer because they gave legal ownership of the property to the trust while they were alive.

A more thorough explanation:

An inter vivos transfer is a legal term that refers to the transfer of property or assets from one person to another during their lifetime. This type of transfer can be contrasted with a testamentary transfer, which is a transfer made in a will after death.

For example, if a parent gifts their child a car while they are still alive, this would be considered an inter vivos transfer. Similarly, if a person creates a trust and transfers assets into it during their lifetime, this would also be considered an inter vivos transfer.

It's important to note that even though the beneficiary of a revocable trust may not receive the benefit until after the donor's death, it is still considered an inter vivos transfer because legal title is transferred at the time the trust is created.

inter vivos | inter vivos trust

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.