power of appointment


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".

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

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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.

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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.

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power Power of Attorney