Legal Definitions - trustee powers

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.