power of modification

Definition of "power of modification"
  1. A reserved authority in a legal document such as a trust-establishing instrument that allows certain changes following a predefined procedure
How to use "power of modification" in a sentence
  1. The power of modification in the trust allowed the trustee to adjust certain terms in specific situations.
  2. To allow for unforeseen circumstances, many legal documents include a power of modification.
  3. With the power of modification, the grantor was able to amend some aspects of the trust.

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