Definition For Power Of Appointment

A power granted under a deed or will authorizing the donee to dispose of an estate in a specified manner for the benefit of the donee or of others.

Definition for power of appointment. The right to leave property by will transfer gift or distribution under a trust. The holder of a power of appointment differs from the trustee of a trust in that the former has no obligation to manage the property for the generation of income but need only distribute it. Define power of appointment. General powers of appointment and special powers of appointment.

Power of appointment synonyms power of appointment pronunciation power of appointment translation english dictionary definition of power of appointment. Powers of appointment law authority enabling a person to dispose of a decedent s property. The power is divided into two broad categories.