Letters of wishes are normally used in testamentary trusts, although theoretically there is no reason why they should not be used in an " inter vivos " trust.
12.
Charitable trusts may be set up inter vivos ( during a donor's life ) or as a part of a trust or will at death ( testamentary ).
13.
An Inter vivos trust is often used synonymously with the more common term Living trust, but an Inter vivos trust, by definition, includes both revocable and irrevocable trust.
14.
The response has been to view the secret trust as a disposition " inter vivos " ( " between the living " ) rather than testamentary in nature.
15.
Carryover basis, also referred to as a " transferred basis ", applies to inter vivos gifts and transfers in basis in property is the cost to acquire the property.
16.
Prior to Ranulf's death, however, he had also made Hawise, his youngest sister an " inter vivos " gift, after receiving dispensation from the crown, of the Earldom of Lincoln.
17.
To avoid this problem, one approach has been to reclassify the secret trust as " inter vivos " ( " between the living " ) but this creates other problems.
18.
By this time there were approximately 113 trusts participating in the fund, about half inter vivos trusts and half testamentary trusts, with combined gross capital assets of nearly three million dollars.
19.
Also known as a revocable ! ital ! inter vivos ! off ! trust, it allows you to transfer property into it and specify a trustee who will manage the property.
20.
In most countries no formalities are required to create an " inter vivos " trust over personal property, but there are often formalities associated with trusts over real property, or testamentary trusts.
