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Power of Appointment.

This document defines and provides examples of different types of powers of appointment: 1) A power of appointment enables the donee to designate who receives property or shares of an estate from the donor. It can be created during life or through a will. 2) A general power of appointment allows the donee to appoint the property to anyone, including themselves or their estate. 3) A limited or special power of appointment restricts who the donee can appoint the property to, such as a specific person or class. It does not allow appointment to the donee or their estate.

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109 views1 page

Power of Appointment.

This document defines and provides examples of different types of powers of appointment: 1) A power of appointment enables the donee to designate who receives property or shares of an estate from the donor. It can be created during life or through a will. 2) A general power of appointment allows the donee to appoint the property to anyone, including themselves or their estate. 3) A limited or special power of appointment restricts who the donee can appoint the property to, such as a specific person or class. It does not allow appointment to the donee or their estate.

Uploaded by

georaw9588
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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power of appointment.

(18c) A power created or reserved by a person having property subject to disposition, enabling the donee of the power to designate transferees of the property or shares in which it will be received; esp., a power conferred on a donee by will or deed to select and determine one or more recipients of the donor's estate or income. - 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. Often shortened to power. Also termed enabling power. [Cases: Powers (;:::::> 19; Wills (;:::::>589.] general power of appointment. (l8c) A power of appointment by which the donee can appoint that is, dispose ofthe donor's property - in favor of anyone at all, including oneself or one's own estate; esp., a power that authorizes the alienation of a fee to any alienee. - Often shortened to general power. [Cases: Powers (;:::::> 19; Wills (;:::::>589.] limited power of appointment. (1830) A power of appointment that either does not allow the entire estate to be conveyed or restricts to whom the estate may be conveyed; esp., a power by which 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. - Often shortened to limited power. Also termed special power of appointment. [Cases: Powers (;:::::> 19; Wills C':::>589.] special power of appointment. See limited power of appointment. testamentary power of appointment (tes-t;,-men-t;,ree or -tree). (1858) A power of appointment created by a will. Often shortened to testamentary power. [Cases: Wills (;:::::>589.] power-of-appointment trust. See TRUST.

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