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 ESTATE PLANNING LAW GLOSSARY


Glossary of Estate Planning Law Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

Click on the first letter of the word from the list above to go to the appropriate section of the glossary.  Contact us if you would like an estate planning, trusts, probate law glossary or one of other legal glossaries for your website.

- L -

Lateral succession 
Succession of property ownership in which the property is transferred between members of the same generation. 

Letters of Administration
Document issued by the probate court giving the administrator authority to administer the estate. 

Letters Testamentary 
Document issued by the probate court giving the executor authority to administer the estate. 

Liabilities 
The amounts owed to another by any person, family, or business (i.e. a mortgage). 

Living trust 
A trust established during the lifetime of the grantor.
 

 DISCLAIMER  

DISCLAIMER: The information contained within this site is of a general nature and is not meant to be a restatement of any rules of law. Your use of this site does not create an attorney-client relationship. You should hire an attorney to obtain legal advice for your specific case. 
© Copyright 2005 Consultwebs.com, Inc., All rights reserved. Estate Planning, Probate, Trusts.

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