power of appointment

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power of appointment

n. pl. powers of appointment Law
Authority enabling a person to dispose of a decedent's property.

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
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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"
References in periodicals archive ?
Limited powers of appointment can be used if a grantor is concerned that the trustee may not exercise discretionary powers over the trust or may do so in too restrictive or too generous a manner.
they were trust beneficiaries and had the authority to pass distributions to one (or to the grantor) to the detriment of the other), they did not possess general powers of appointment over the trust for purposes of [section]2514.
Section Two contains five chapters for an advanced two-credit course for students who have already taken a basic course in family property law; these chapters deal with substantive provisions of wills and trust instruments, with attention given to recurring construction problems and pitfalls in drafting, powers of appointment, the classification of estates and future interests, and the impact of rules of policy on restricting the disposition of property.
Under Article 55 of the Constitution, the Commission is vested with the powers of appointment, promotion, transfer and disciplinary control of public officers.
To increase the number of problems, this edition deletes the correlation chart, the section on recent modifications to the Rule Against Perpetuities and its 25 questions, the chapter on powers of appointment, and the appendix on the fee tail.
The children are given general powers of appointment over their pro rata trust shares, but only upon the death of their mother.
Published in 1986 as an entire volume of the Restatement (Second) of Property, (6) the power of appointment division effectively updates the treatment of powers of appointment that is found in the First Restatement.
It must be said here that after 18th amendment, Prime Minister enjoys powers of appointment of Chairman Joint Chief of Staff Committee thus President has no choice but to abide by the advice of the respected PM in this regard.
29) But the court squared the limitations in the powers of appointment with the multi-generational term of the trust created in her husband's will by holding that the trust would terminate and vest final distributions to the grandchildren at the death of the couple's children.
The following powers if possessed by the income beneficiary would not be deemed general powers of appointment for purposes of IRC Section 2041:
Also, see page 498 for a discussion of powers of appointment.