<unk>  (Latin, between the living) is a legal term referring to a transfer or gift made during one's lifetime, as opposed to a testamentary transfer (a gift that takes effect on death).
The term is often used to describe a trust established during one's lifetime, i.e., an<unk>  trust as opposed to a Testamentary trust which is established on one's death, usually as part of a will.  An<unk>  trust is often used synonymously with the more common term Living trust, but an<unk>  trust, by definition, includes both revocable and irrevocable trust, whereas Living trusts typically refer only to revocable trusts.
Inter vivos
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