complete inter vivos transfer
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 278 U.S. 339 - Reinecke v. Northern Trust Co. · 1929Most cited · 940 citing opinions
Since the power to revoke or alter was dependent on the consent of the one entitled to the beneficial, and consequently adverse, interest, the trust, for all practical purposes, had passed as completely from any control by decedent which might inure to his own benefit as if the gift had been absolute.