What is an inter vivos trust?

An inter vivos trust is a type of trust that is created during a person’s lifetime. It is also called a living trust. This type of trust is often used to manage a person’s assets during their lifetime and to distribute assets after their death. In New Hampshire, an inter vivos trust is created when the person making the trust (the grantor) transfers ownership of their assets to the trust. The assets are held in the trust by a trustee, who is responsible for managing the assets according to the provisions of the trust document. The trust document outlines the rules and regulations for how the trust should be managed and outlines how the assets should be distributed when the grantor passes away. The trust can help protect assets from creditors, provide for a smoother transfer of control of assets after death, and also allow for the grantor to have control over how their assets are managed after their death. Inter vivos trusts are different from testamentary trusts, which are created after the grantor passes away in accordance with the instructions in their will. In New Hampshire, inter vivos trusts can be created by individuals or married couples, and they are subject to the New Hampshire Trusts and Estates laws.

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What is an inter vivos trust?

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