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.
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