power of appointment

Definition

A right given in a written instrument such as a will or trust, allowing an individual to decide how to distribute one's property. Called "general" if no restrictions are placed on who the distributees may be; otherwise called "limited" or "special".

Use this term in a sentence

You need to try and see how you can make the power of appointment work in your favor if at all possible.

​ Was this Helpful? YES  NO 4 people found this helpful.

Interestingly, the former head basketball coach of UNC utilized his power of appointment after his death and instructed in his will for $200 to be given to each of his former players.

​ Was this Helpful? YES  NO 4 people found this helpful.

Business often need legal assistance in giving certain rights to share holders and partners, and the board of administration will appoint or vote a power of appointment to someone they deem reliable.

​ Was this Helpful? YES  NO 6 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
power Power of Attorney