- power of appointment trust
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power of appointment trust see trust
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
power of appointment trust
Look at other dictionaries:
power of appointment — 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 general power of appointment: a power of appointment which the donee may… … Law dictionary
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 (the person writing the will) to select a person who will be given the authority to dispose of certain property under the will.… … Wikipedia
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
special power of appointment — see power of appointment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. special power of appointment … Law dictionary
nonexclusive power of appointment — A power whereunder the donee has no right to exclude from the distribution any member of the class designated by the donor, grantor, or testator to be favored by the exercise of the power. Fidelity & Columbia Trust Co. v Barret, 166 Ky 411, 179… … Ballentine's law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
appointment (of all or part of a trust fund) — England, Wales The exercise of an express power (contained in a trust document and called a power of appointment) by the trustees of a trust, to direct (or redirect) the trust fund in favour … Law dictionary
power of advancement — England, Wales A power that enables trustees to pay or apply capital to, or for the benefit of, a beneficiary. Trustees may apply capital for the benefit of a beneficiary by creating new trusts for him (a settled advance). A power of advancement… … Law dictionary
power — pow·er n 1: capability of acting or of producing an effect parties of unequal bargaining power 2 a: authority or capacity to act that is delegated by law or constitution often used in pl. commerce power often cap C&P: the power delegated to… … Law dictionary
Appointment — Ap*point ment, n. [Cf. F. appointement.] 1. The act of appointing; designation of a person to hold an office or discharge a trust; as, he erred by the appointment of unsuitable men. [1913 Webster] 2. The state of being appointed to som? service… … The Collaborative International Dictionary of English
