"Inter vivos" is a Latin term that translates to "between the living." It is a legal term used to describe transactions, agreements, or gifts that occur during the lifetime of the involved parties.
"Inter vivos" is often used in the context of estate planning and property transfers. It distinguishes such transactions from those that occur after someone's death (referred to as "testamentary" or "post-mortem" transfers). Examples of "inter vivos" transactions include gifting property, creating a trust, or entering into a contract between living individuals.
Examples in Sentences
Here are three example sentences demonstrating the usage of "inter vivos":
The couple decided to transfer their property to their children through an inter vivos trust to ensure a smooth transition of assets.
The donor made an inter vivos gift of a valuable artwork to the museum, allowing them to display it during their lifetime.
The siblings entered into an inter vivos agreement to share the management and profits of their jointly-owned business.