What does Intervivos Tst mean? My elderly aunts friend talked her into transferring her money into a different company and signed a certification of trusteeship and investment power. The transaction stopped from her company due to so many errors.
1 Answer from Attorneys
The following definition is from an on-line legal dictionary: "inter vivos trust n. a trust created by a writing (declaration of trust) which commences at that time, while the creator (called a trustor or settlor) is alive, sometimes called a "living trust." The property is then placed in trust with a trustee (often the trustor during his/her lifetime) and distribution will take place according to the terms of the trust---possibly both during the trustor's lifetime and then upon the trustor's death. This is different from a testamentary trust which is created by the terms of a will and places some assets from the dead person's estate in a trust to exist from the date of death and until fully distributed."
If you suspect that your elderly aunt has been abused, defrauded, misled or ill-advised, I'd suggest asking a local attorney with a specialization in the area of wills, trusts and estates for an initial free consultation.
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