!-- Google Tag Manager (noscript) -->

Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Testamentary power of appointment

Read a random definition: health care declaration

A quick definition of Testamentary power of appointment:

A testamentary power of appointment is a special kind of power that someone can only use when they write their will. It's different from other powers that can be used right away.

A more thorough explanation:

A testamentary power of appointment is a type of power of appointment that can only be exercised by the recipient through their will. This is different from a presently exercisable power of appointment, which can be exercised immediately.

For example, if a wealthy individual creates a trust and gives their child a testamentary power of appointment over the trust assets, the child can only exercise that power by including instructions in their will. They cannot make changes to the trust during their lifetime.

Another example would be if a grandparent creates a trust for their grandchildren and gives their daughter a testamentary power of appointment over the trust assets. The daughter can only exercise that power by including instructions in her will, which will determine how the trust assets are distributed among the grandchildren.

These examples illustrate how a testamentary power of appointment can provide flexibility and control over the distribution of assets after the donor's death, while still allowing the donor to maintain some level of control during their lifetime.

testamentary disposition | testamentary trust

Warning

Info

General

General chat about the legal profession.
main_chatroom
๐Ÿ‘ Chat vibe: 0 ๐Ÿ‘Ž
Help us make LSD better!
Tell us what's important to you
LSD+ is ad-free, with DMs, discounts, case briefs & more.