What is an inter vivos trust?

An inter vivos trust is an estate planning tool used in some states, including Washington, to protect assets from creditors. It is a legal agreement between an individual (the trustor) and another individual or business entity (the trustee) in which the trustor transfers ownership of his or her assets to the trustee. The trustor is then able to retain control of the assets while they are held in the trust. An inter vivos trust is a powerful tool to protect assets from creditors. Once the assets are transferred into the trust, they are no longer legally owned by the trustor and cannot be taken away by creditors. This gives the trustor peace of mind in knowing that their assets are safe from creditors. In Washington, an inter vivos trust is subject to certain rules and regulations. The most important of these is that the trustor must remain living at the time the trust is established, or the trust is not valid. Additionally, the assets must be transferred from the trustor to the trustee for it to be valid. In conclusion, an inter vivos trust is a legal agreement between an individual and another individual or business entity in which the trustor transfers ownership of his or her assets to the trustee. This is a powerful asset protection tool that can help individuals protect their assets from creditors. This tool can be used in Washington, but special rules and regulations must be followed in order for it to be valid.

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What is an inter vivos trust?

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