Wills, Trusts, and Estates
Inter Vivos Trust
Inter vivos trusts are trusts created when the settlor is alive.
Inter vivos trusts are the most common and useful type of trust.
At common law, inter vivos trusts were presumed to be irrevocable.
Under the UTC, inter vivos trusts are presumed to be revocable unless declared otherwise. UTC § 602(a).