View source for Inter vivos

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{{short description|Legal term; transfer or gift made during one's lifetime}}

'''{{lang|la|Inter vivos}}''' ([[Law Latin]], ''between the living'') is a legal term referring to a transfer or gift made during one's lifetime, as opposed to a [[testamentary]] transfer that takes effect on the death of the giver.<ref>{{cite journal |last1=Keister |first1=Lisa A. |last2=Benton |first2=Richard A. |last3=Moody |first3=James W. |title=Cohorts and wealth transfers: Generational changes in the receipt of inheritances, trusts, and inter vivos gifts in the United States |journal=Research in Social Stratification and Mobility |date=February 2019 |volume=59 |pages=1–13 |doi=10.1016/j.rssm.2019.01.002|doi-access=free }}</ref>

The term is often used to describe a [[Trust law|trust]] established during one's lifetime, i.e., an [[Living trust|''inter vivos'' trust]] as opposed to a [[testamentary trust]] that is established on one's death, usually as part of a [[Will (law)|will]].  An {{lang|la|inter vivos}} trust, by definition, includes both revocable and irrevocable trusts.<ref>{{Cite web|last=V|first=Natalia|last2=Laan|first2=er|title=Living trusts allow estates to avoid probate|url=http://www.recordcourier.com/news/2021/apr/03/living-trusts-allow-estates-avoid-probate/|access-date=2021-04-09|website=www.recordcourier.com}}</ref>

== Other meaning ==
The term ''inter vivos'' is also used to describe living [[organ donation]], in which one patient donates an organ to another while both are alive.  Generally, the organs transplanted are either non-vital organs such as corneas or redundant vital organs such as one of the two kidneys or part of a liver.

== References ==
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[[Category:Wills and trusts]]
[[Category:Latin legal terminology]]


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