general power of appointment
- general power of appointment
-
Merriam-Webster’s Dictionary of Law.
Merriam-Webster.
1996.
- general power of appointment
-
England, Wales
A power given by an individual (the donor) to another individual (the donee) to appoint property in favour of whomever the donee wishes, including the donee himself.
The power should be capable of being exercised by deed or by will.
As the donee of a general power of appointment is free to appoint the property to himself if he wishes, the donee is treated as being the beneficial owner of the property for inheritance tax purposes.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
general power of appointment — A power of appointment exercisable without limitation as to the person appointed, except as to the rule of some jurisdic tions which limit exercise to exercise by will, in which event the donee cannot appoint himself, although he can appoint his… … Ballentine's law dictionary
general power of appointment — a power to appoint property that can be exercised entirely in favor of the donee, his nominee, or his estate compare special power … Useful english dictionary
general power of appointment — One exercisable in favor of any person the donee may select. Johnstone v. Commissioner of Internal Revenue, C.C.A.9, 76 F.2d 55, 57 … Black's law dictionary
general power of appointment — One exercisable in favor of any person the donee may select. Johnstone v. Commissioner of Internal Revenue, C.C.A.9, 76 F.2d 55, 57 … Black's law dictionary
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
power of appointment — Authority enabling one person to dispose of an interest which is vested in another. Re Zanatta, 99 NJ Eq 339, 131 A 515. A liberty or authority reserved by, or limited to, a person to dispose of real or personal property for his own benefit, or… … Ballentine's 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
limited power of appointment — A power of appointment which is exercisable only in favor of persons or a class of persons designated or described in the instrument creating the power. Marx v Rice, 1 NJ 574, 65 A2d 48, 9 ALR2d 584. In Pennsylvania, a general power of… … Ballentine's law dictionary
general — gen·er·al / jen rəl, je nə / adj 1: involving, applicable to, or affecting the whole 2: involving, relating to, or applicable to every member of a class, kind, or group 3: not confined by specialization or limitation 4: relating to, determined by … Law dictionary
