power of appointment
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 donees power, once authorized by the donor, to name the beneficiaries
of the donors 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.
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