What is an Inter Vivos Trust

An inter vivos trust is one established during your lifetime as opposed upon your death. In an inter vivos trust, you usually designate yourself (or your spouse and yourself) as the initial trustee(s) and a trusted family member or friend (often the one you designate as an executor under your will) as a successor trustee. As in a will, you designate the beneficiaries who will receive your property following your death. Typically, an inter vivos trust is revocable.