Definitions
There is 1 meaning of the phrase
Power Of Appointment.
Power Of Appointment - as a noun
Authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor's property
Example Sentences
"The power of appointment allows the trustee to designate who will receive the assets."
"She exercised her power of appointment by appointing her daughter as the executor of her estate."
"The power of appointment grants the donor the ability to name the beneficiaries of the trust."
"The power of appointment is often used in estate planning to give flexibility to the trustee."
"The court upheld the donor's power of appointment as valid and enforceable."
