power of appointment


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Related to power of appointment: General Power Of Appointment

power of appointment

n. pl. powers of appointment Law
Authority enabling a person to dispose of a decedent's property.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

power of appointment

n
(Law) property law authority to appoint persons either from a particular class (special power) or selected by the donee of the power (general power) to take an estate or interest in property
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.power of appointment - authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor's property
authority, potency, authorization, authorisation, say-so, dominance - the power or right to give orders or make decisions; "he has the authority to issue warrants"; "deputies are given authorization to make arrests"; "a place of potency in the state"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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The court concluded: "[T]he power vested in a trustee to create an estate in fee includes the power to create or appoint any estate less than a fee unless the donor clearly indicates a contrary intent." (14) Essentially, the Florida court reasoned, the trustees held a special power of appointment. (15) Therefore, the court affirmed the lower court's decision.
Decanting and its alternatives: remodeling and revamping irrevocable trusts
Political observers said this would further consolidate Nitish's position since the power of appointment of the officebearers was earlier vested with the national president and the state president of the party.
Nitish towers over Sharad
The limitation permitted her to exercise her power of appointment only in favor of Max's descendants, that is, Max and Erla's children and grandchildren.
Illinois Supreme Court upholds Jewish-marriage clause in trust provision: but the court's narrow framing of the issue avoids the question of whether such religious restrictions in wills and trusts are broadly permissible
It amends the definition of "beneficiary" to clarify that a permissible appointee is not a beneficiary unless the power of appointment is irrevocably exercised in favor of the appointee.
CS/HB 965--Trust administration
Another option would be to give Tom a "limited power of appointment," which would permit him in his Will to name the future beneficiaries from an identified class of individuals to receive the remaining trust assets.
Drafting for flexibility in special needs trusts
The Liberals simply will not share their power of appointment, or submit them to a process of public scrutiny, whether in the judiciary, Crown corporations, Senate or any other post.
Irwin Cotler's smoke-screen
In general, a person to whom a distribution is or may be made during a period pursuant to a power of appointment is a potential current beneficiary.
S corporation reform and simplification under the American Jobs Creation Act of 2004

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