An arrangement where the LANDBANK Trust Banking Group (LBP-TBG) administers properties under a property administration agreement or under orders of courts of competent jurisdiction to manage and distribute the estate of a deceased person in the absence of a will, or a testator who has no designated executor. LANDBANK Trust Banking Group may also be authorized to perform specific functions relative to the management of the estate, such as entering into contracts of lease, collecting rental due to the property, or paying taxes that may be levied upon the subject property