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Utah Estate Planning Terms - Inter Vivos Trust

Inter Vivos Trust:  an "inter vivos" trust is one which is established by the grantor/trustor during his or her lifetime.  Contrast this term with a "testamentary" trust, which is created by a person's will and only becomes effective at the person's death.  In Utah, an inter vivos trust is more commonly referred to as a "living trust."  Inter vivos trusts can play an important role in avoiding the probate process in Utah.  An inter vivos trust can provide more flexibility than a simple will, and can also provide certain protections to the grantor during his or her lifetime.

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Return to our estate planning glossary for more terms and definitions.

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