Law-Shark
16:45
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
donee of power
Read a random definition: revival statute
A quick definition of donee of power:
A donee of power is someone who has been given the authority to decide what happens to someone else's property. This person is often referred to as the "donee" and has the power to appoint or dispose of the property as they see fit. This is different from the donor, who is the person who originally owned the property and gave the power to the donee.
A more thorough explanation:
Definition: A donee of power is a person who has been given the authority to dispose of someone else's property. This person is also known as the recipient of power.
For example, if a parent gives their child the power to decide how to distribute their inheritance among their siblings, the child becomes the donee of power. The child has the authority to make decisions about the distribution of the parent's property.
Another example is when a person creates a trust and designates someone as the trustee. The trustee becomes the donee of power and has the authority to manage the trust assets and distribute them according to the terms of the trust.
These examples illustrate how a person can give someone else the power to make decisions about their property. The donee of power has a legal obligation to act in the best interests of the donor and follow any instructions or guidelines provided by the donor.