naked power

Definition of "naked power"
  1. This is a power, such as the power of sale, given to an individual who doesn't have a stake in the property the power is associated with. This individual could be an executor who isn't a beneficiary under the will
How to use "naked power" in a sentence
  1. The trustee was given the naked power to sell assets to pay off the estate's debts.
  2. With the grantor's death, the personal representative held a naked power of sale.
  3. Through the will, non-heirs can also be furnished with the naked power to manage property.

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