inter vivos

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Inter Vivos

[Latin, Between the living.] A phrase used to describe a gift that is made during the donor's lifetime.

In order for an inter vivos gift to be complete, there must be a clear manifestation of the giver's intent to release to the donee the object of the gift, and actual delivery and acceptance by the donee.An inter vivos gift is distinguishable from a gift causa mortis, which is made in expectation of impending death.

inter vivos

(in-tur-veye-vohs) adj. Latin for "among the living," usually referring to the transfer of property by agreement between living persons and not by a gift through a will. It can also refer to a trust (inter vivos trust) which commences during the lifetime of the person (trustor or settlor) creating the trust as distinguished from a trust created by a will (testamentary trust) which comes into existence upon the death of the writer of the will. (See: inter vivos trust)

inter vivos

noun conferment between the living, conveyance between the living, transfer among the living
Associated concepts: inter vivos will

INTER VIVOS. Between living persons; as, a gift inter vivos, which is a gift made by one living person to another; see Gifts inter vivos. It is a rule that a fee cannot pass by grant or transfer, inter vivos, without appropriate words of inheritance. 2 Prest. on Est. 64.

References in periodicals archive ?
Even taking account of wealth held for bequest purposes and transfers inter vivos, there is a large excess holding of household wealth.
1944) (holding property owners should be allowed to make inter vivos transfers of property, notwithstanding a Statute of Wills).
Since the new law requires an inter vivos direction, a direction in the decedent's will concerning disposition of his or her body after death might not be valid under this new law.
The questions on leaving an inheritance, making an inter vivos transfer, and receiving support compensate for a limitation of the HRS data.
Most commentators agree that as a matter of law and common morality, inter vivos donations should rely on non-coercive, voluntary organ acquisition plans that endorse what we refer to as the "body-as-self" view.
Second, inheritances and inter vivos transfers are larger among whites than among blacks because the long history of discrimination against blacks has inhibited the accumulation of wealth in the black population.
McGarry focuses on the effects of estate taxes on inter vivos giving from parents to children.
Private savings ultimately destined for intergenerational transfer, through inter vivos gifts or bequests, account for a very substantial percentage of the U.
Second, altruistic parents could make early transfers through inter vivos gifts at the time their children need them the most.
Also known as a revocable inter vivos trust, it allows you to transfer property into it and specify a trustee who will manage the property.
It meant only that adoptive parents usually had to resort to a written testament and/or the transfer of property inter vivos in order to protect the child's property claims from potentially rapacious collateral kin.
Transfers of resources to adult children can take the form of inter vivos gifts and/or of bequests at death.

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