living trust

noun

: a trust that becomes effective during the lifetime of the settlor

called also inter vivos trust

Examples of living trust in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
There are no gift tax consequences to naming someone as the beneficiary of a living trust, retirement account, life insurance policy, annuity, TOD, or ladybird deed. Bob Carlson, Forbes, 17 Mar. 2025 This would undermine one of the benefits of a living trust, which is to avoid a court’s involvement in settling an estate. Liz Weston, Los Angeles Times, 16 Mar. 2025 The next category involves uploading legal documents — your Will or revocable living trust documents, your healthcare power of attorney, and your living will, detailing end-of-life instructions. Terry Savage, Chicago Tribune, 26 Feb. 2025 Check your will or living trust and revise as necessary. Crystal Faulkner and Tom Cooney, The Enquirer, 2 July 2024 See All Example Sentences for living trust

Word History

First Known Use

1913, in the meaning defined above

Time Traveler
The first known use of living trust was in 1913

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Cite this Entry

“Living trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/living%20trust. Accessed 24 Mar. 2025.

Legal Definition

living trust

see trust

More from Merriam-Webster on living trust

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