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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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13:56
went complete at penn a month ago with still no UR
jackfrost11770
13:56
How was that too ambitious of a thought
jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
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