On this page, you will find a list of legal words, terms and phrases that begin with the letter “L.” Each term has a short definition, and some of them have a link for a more detailed description. Just scroll down the page to find the word or term that you are looking for.
If you want to look up another term, return to the Lexicon page.
Living Trust – A Living Trust is a trust that is established and in existence during the settlor’s lifetime. It is sometimes also called an inter vivos trust.