Law Offices of Frye & Vazquez, P.L.
Call Today. 305-508-5749 | 877-421-5473

What is an inter vivos trust?

Estate planning and all related matters can be a headache to handle. You have to become versed in specific terminology, understand how these terms apply to you, and know what options suit your situation best. Today, we'll take a look at a specific type of trust known as an inter vivos trust, and examine what it can do for you.

Inter vivos is the Latin word for "between the living". FindLaw states that an inter vivos trust is actually just another name for a living trust, which you may be more familiar with. Unlike a will, a living trust is created while the grantor is still alive, rather than post-mortem. Property is therefore managed by the trustee for the beneficiary while the grantor is still alive.

This gives you, as the grantor, more power to ensure that property is being used in the way you intend. You can also make a living trust revocable. This means that at any point, for just about any reason, you can say that the arrangement isn't working out and revoke the trust itself.

Having a living trust as opposed to a traditional will can help you:

  • Avoid probate
  • Regulate assets
  • Reduce taxes
  • Have financial privacy

As with all other matters of estate planning, whether or not this option works for you is dependent on your unique situation and what you expect out of the living trust. You can contact an experienced attorney to learn more and see if a living trust is right for you.

No Comments

Leave a comment
Comment Information

What Our Clients Are Saying

  • I have known and worked with Austin Frye and his team since 2008. In that time he has helped serve both my business and personal legal planning needs. From guidance on reviewing and keeping shareholder and state documentation up to date... - Robert
  • It is difficult enough to cope with the emotional challenges of closing a parent's estate, and when you are also faced with the issue of your parents having insufficient documentation, and being remote from your siblings… - Zara L.
  • Austin Frye provided legal services to my father while alive and to his estate after his death; when showing the EP docs his firm prepared to other professionals (lawyers, financial advisors, accountants)… - Mark S
  • I've been a client of Austin Frye's for over 10 years. In that time, he's handled my estate/trust planning and asset protection as well as complicated business deals. - Leslie
  • Mr. Frye recently set up a complicated special needs trust for my son and, as usual, did a great job explaining it and in putting our minds at ease about our son's future well-being. - Dr. Howard
Read More...
  • NYSBA
  • Massachusetts Bar Association
  • The Florida Bar 1950
  • CFP
  • Florida Bar Elder Law Member
  • Academy Of Florida Elder Law Attorneys
  • Florida bar Business law Member
  • NAELA National Academy of Elder Law Attorneys, Inc.
Email Us For a Response

Contact Us For Personal Attention To Your Legal Matter

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

Get In Touch With Us
20900 W. Dixie Highway
Miami, FL 33180

Toll Free: 877-421-5473
Phone: 305-508-5749
Map & Directions