What is another word for Inter Vivos Trust?
Pronunciation: [ɪntˈɜː vˈiːvə͡ʊz tɹˈʌst] (IPA) 
An inter vivos trust is a legal arrangement used to transfer assets while the grantor is still alive. It is also known as a living trust or a revocable trust. The beneficiaries of such a trust can receive assets and income while the trust is still in operation. Synonyms for inter vivos trust include family trust, grantor trust, living legacy trust, and living revocable trust. Such trusts are often used to avoid probate and to plan for the distribution of assets to loved ones. They are a popular estate planning tool as they can provide tax benefits and increased privacy over traditional wills.
