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power of appointment Definition

power of appointment

noun

the authority granted to a person by deed or will to dispose of the grantor's property

power of appointment Law Definition

n

A donee’s power, once authorized by the donor, to name the beneficiaries of the donor’s property or income. The donee may not select anyone other than him- or herself. The donor may create this power by deed or by will, and it may be vested in any adult individual, or the donor may reserve the power for his or her self.