Absolute power definition
Absolute power means a power to invade trust assets for the benefit of a beneficiary that is not limited by a specific or ascer- tainable standard, whether or not the term “absolute” is used in the trust instrument. “Absolute power” includes a power to invade trust assets for the best interests, welfare, comfort, or happiness of a beneficiary.
Absolute power means a power to invade principal that is not limited to specific or ascertainable purposes, such as health, education, maintenance, and support, regardless of whether the term “absolute” is used. A power to invade principal for purposes such as best interests, welfare, comfort, or happiness constitutes an absolute power not limited to specific or ascertainable purposes.
Absolute power means Unless the trust instrument expressly provides otherwise, a trustee who has absolute power under the terms of a trust to invade the principal of the trust, referred to in this section as the “first trust,” to make distributions to or for the benefit of one or more persons may instead exercise the power by appointing all or part of the principal of the trust subject to the power in favor of a trustee of another trust, referred to in this section as the “second trust,” for the current benefit of one or more of such persons under the same trust instrument or under a different trust instrument; provided:
Examples of Absolute power in a sentence
Absolute power is defined as a power to make distributions that is not limited by reasonably definite or ascertainable standards.
Absolute power of attorney is essentially an authorization can not be withdrawn and the power management of the transition is simply the act of land rights .
Absolute power, for Spinoza, is not synonymous with maximal coercive power.