Define: Letters Testamentary

Letters Testamentary
Letters Testamentary
Quick Summary of Letters Testamentary

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state’s intestate succession laws.

What is the dictionary definition of Letters Testamentary?
Dictionary Definition of Letters Testamentary
n. a document issued by the court clerk which states the authority of the executor of an estate of a person who has died. It is issued during probate of the estate as soon as the court approves the appointment of the executor named in the will and the executor files a security bond if one is necessary (most well-drafted wills waive the need for a bond). Certified copies of the letters are often required by banks and other financial institutions, the federal government, stock transfer agents or other courts before transfer of money or assets to the executor of the estate.
Full Definition Of Letters Testamentary
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This glossary post was last updated: 29th March 2024.

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