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Simple English definitions for legal terms

trustee powers

Read a random definition: misapplication

A quick definition of trustee powers:

Trustee powers are the things a person in charge of a trust can do without breaking any rules. These powers come from a document that explains what the trustee can and cannot do. For example, the trustee might be allowed to buy or sell things. But usually, the trustee doesn't have to do anything specific, they just have the option to do certain things if they need to.

A more thorough explanation:

Definition: Trustee powers are the abilities given to a trustee in a trust document. These powers can be used without breaking the law or the terms of the trust. Most trustee powers are optional, not required.

Examples:

  • The power to buy and sell assets
  • The power to invest trust funds
  • The power to distribute trust income to beneficiaries

These examples illustrate how a trustee can use their powers to manage the trust. For instance, the power to buy and sell assets allows the trustee to make investments that will benefit the trust and its beneficiaries. The power to invest trust funds allows the trustee to grow the trust's assets over time. The power to distribute trust income to beneficiaries allows the trustee to provide financial support to those who are entitled to it.

trustee in bankruptcy | trustor

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awman i was hopign to come home to a ucla wave
is it too late? its 2pm there
OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
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We not gonna see splitterus for 4 hrs
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MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
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JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
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JumpySubsequentDolphin
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JumpySubsequentDolphin
17:22
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JumpySubsequentDolphin
17:22
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JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
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