trustee powers

Definition of "trustee powers"
  1. The rules in a trust paper that state what actions are permissible and impermissible for the trustee
How to use "trustee powers" in a sentence
  1. Their trustee powers allowed them to sell off certain assets to cover the trust's liabilities.
  2. The trustee powers were reevaluated when the trust documentation was revised.
  3. Due to the limited scope of his trustee powers, the sale of the family house proved to be a complicated task.

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