What does power of appointment mean?
Definitions for power of appointment
power of ap·point·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word power of appointment.
Princeton's WordNet
power of appointmentnoun
authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor's property
Wiktionary
power of appointmentnoun
In the law of wills, the ability of a testator to select a person who will be given the authority to dispose of certain property under the will.
ChatGPT
power of appointment
A power of appointment is a legal right given to a person granting them the ability to decide how a certain property or asset will be distributed or managed, often after their death. This power can be specific, allowing the person to designate the property to a certain individual, or general, which gives them the ability to distribute the property to anyone. The individual given this power is typically referred to as the "holder" of the power of appointment.
Wikidata
Power of appointment
A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator to select a person who will be given the authority to dispose of certain property under the will. Although any person can exercise this power at any time during their life, its use is rare outside of a will. The power is divided into two broad categories: general powers of appointment and special powers of appointment. 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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of power of appointment in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of power of appointment in Pythagorean Numerology is: 7
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"power of appointment." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/power+of+appointment>.
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