inter vivos transfer

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An inter vivos transfer is a transfer of property made during a person’s lifetime. It can be contrasted with a testamentary transfer, which is a transfer made in a will after death. A revocable trust is considered an inter vivos transfer even though the benefit of the trust is not enjoyed by the beneficiary until after the death of the donor because legal title is transferred at the time the trust is created.

[Last updated in June of 2023 by the Wex Definitions Team]