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Simple English definitions for legal terms

enabling power

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A quick definition of enabling power:

An enabling power is a legal term that refers to a person's ability to choose who will receive their property or income. This power can be given to someone else through a will or deed, and it allows them to decide who will inherit the property or shares. If the power is given before the person's death, the person with the power can choose who receives the property. If the power is given after the person's death, the person with the power can choose who receives the property on behalf of the person's estate. There are different types of enabling powers, including general powers that allow the person with the power to choose anyone to inherit the property, and limited powers that restrict who can inherit the property.

A more thorough explanation:

An enabling power, also known as a power of appointment, is a legal term that refers to a power created or reserved by a person who has property subject to disposition. This power allows the donee (the person receiving the power) to designate transferees of the property or shares in which it will be received.

  • General Power of Appointment: A power of appointment that allows the donee to appoint anyone, including oneself or one's own estate, as the recipient of the donor's property.
  • Limited Power of Appointment: A power of appointment that either does not allow the entire estate to be conveyed or restricts to whom the estate may be conveyed. For example, the donee can appoint to only the person or class specified in the instrument creating the power, but cannot appoint to oneself or one's own estate.
  • Testamentary Power of Appointment: A power of appointment created by a will.

For instance, if a person creates a trust and reserves an enabling power, they can appoint the beneficiaries of the trust. If the power is exercisable before the donee's death, it is exercisable wholly in favor of the donee. If the power is testamentary, it is exercisable wholly in favor of the donee's estate.

Overall, an enabling power is a useful tool for estate planning and allows the donor to have control over the distribution of their property after their death.

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Quillinit
11:58
ah okay, sorry homie that's rough
it's fine i got into one of my top choices so im really happy
Quillinit
11:58
<3 happy for you
getting into cornell is hugeee
ayyyyy
Quillinit
11:59
^^^^^ would love to get into Cornell lmao
Quillinit
11:59
or anywhere!
you got it, believeeee
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@letsseehowitgoesnow: you okay?
12:08
@ KnowledgeableRitzyWasp did u withdraw frm all your classes for two years or just a few? i have 2 W's
12:23
listening to the front bottoms at the gym again ist es over fur mich?
My wife and I saw TFB with manchester orchestra the night before thanksgiving a few years back and it was pretty damn choice
shaquilleoatmeal
12:27
yoo lets dawg what happened, you good?
12:28
breakup
12:28
happens to the best of us
12:28
@UnsuitableMaliciousHedgehog: that’s so fucking sick
rough night and morning with ex :/. we broke up but we live together
shaquilleoatmeal
12:29
damn ;/ it is break up season dawg, i'm sorry you're going through that
12:29
it really is breakup season
shaquilleoatmeal
12:29
i lived with my ex for 3 months after we broke up and it was brutal. If you can move out quicker rather than later
thanks shaq! i just needed some input from people who are looking from the outside in
im gonna pack up my stuff and leave for a few days when i get off work
12:31
sometimes I think about things my ex said and did to me and a year later it still makes me so sad that I ever let myself be treated that way
shaquilleoatmeal
12:32
yee bud clear your head how you need, shit sometimes even just driving with no destination and some sad ass music can get you through this
shaquilleoatmeal
12:32
you grow through what you go through bunny, you know for the next relationship what you deserve
I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol
12:34
gotchu
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