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has gloss | (noun) a trust created and operating during the grantor's lifetime living trust, inter vivos trust |
has gloss | eng: A living trust, or inter vivos trust (inter vivos is Latin for "between the living"), is a trust created during a person's lifetime to either save money on taxes or set up long term property management. All living trusts are designed to avoid probate proceedings and may in addition be used to reduce taxes, safeguard financial privacy, and to regulate the use of assets if the owner becomes incapacitated, and for other purposes. |
lexicalization | eng: inter vivos trust |
lexicalization | eng: Living Trust |
subclass of | (noun) something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father" trust |
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similar | e/Living trust |
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