Final answer:
An inter vivos transfer is the correct term for a transfer that occurs during a person's lifetime, as opposed to transfers that occur after death, which are handled by wills, trusts, or intestacy laws.
Step-by-step explanation:
A transfer that occurs during the lifetime of the individual is known as a c. Inter Vivos Transfer. Intestate transfer refers to the situation when a person dies without a will, leading to the distribution of assets according to state intestacy laws. A testate transfer, on the other hand, involves the distribution of assets in accordance with a will. A testamentary transfer refers to asset distribution through a will or trust after an individual's death. Trusts serve as a means to manage asset transfer privately, without going through probate court.