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Legal Glossary (L)
land trust: A land trust is an agreement where one party (trustees) agrees to hold ownership of a piec...
Letters Of Administration: When a person dies intestate and the probate court is required to step in and name and adm...
Letters Testamentary: Letters of testamentary, also called letters of administration, are court certified docume...
Life Beneficiary: A life beneficiary is someone who is named in a will or a trust to receive the benefits or...
Life Trust: A life trust is a legal document that should be prepared by an attorney. This document tra...
living will: A living will is a type of legal document which states an individual's wishes regarding ca...