n. the right to leave property by will, transfer, gift or distribution under a trust. Such a power is often found in a trust in which each of the trustors (the creators of the trust, usually a husband and wife) is empowered to write a will leaving his or her share (or some part) to someone. If the power of appointment is not used then it expires on...
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http://dictionary.law.com/Default.xhtml?selected=1566
The power given to a person, by appointment in a will or a trust, to distribute the property that passes through the will or trust at the discretion of the person appointed. Other than to give the appointed person the authority to make the distribution, the will or trust doesn't make distribution of the property.
Found on
http://www.encyclo.co.uk/local/21196
It is the right given by one person(creator of will) to the other (eg. Trust) to distribute, transfer or gift his assets upon his death.The two types of power of appointment are 1) General - Where the holder of the will creators property can distribute his assets to anyone and 2) Specific - where the holder or custodian of the property is designate...
Found on
http://www.encyclo.co.uk/local/21213
The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Ka...
Found on
http://www.nolo.com/dictionary/power-of-appointment-term.html
[
n] - authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor`s property
Found on
http://www.webdictionary.co.uk/definition.php?query=power%20of%20appointmen
noun authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor`s property
Found on
https://www.encyclo.co.uk/local/20974
No exact match found.
