Living Trust
Legal Definition and Related Resources of Living Trust
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Living Trust
A living trust is a written agreement under which the donor sets apart a certain portion of his estate , giving up his own income prospects from those assets. The trustee is instructed to pay the income to others as directed. Also called an inter vivos trust.
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Living Trust in Historical Law
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Legal Abbreviations and Acronyms
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Related Legal Terms
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Meaning of Living Trust in the U.S. Legal System
Definition of Living Trust published by the National Association for Court Management: A trust set up and in effect during the lifetime of the grantor. Also called inter vivos trust.
Concept of Living Trust in the context of Real Property
A short definition of Living Trust: A trust which is in effect during the life of the settlor, rather than upon his death (testamentary trust).
Concept of Living Trust in the context of Real Property
A short definition of Living Trust: A trust which is in effect during the life of the settlor, rather than upon his death (testamentary trust).