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Trusts: Powers of Appointment
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What is a power of appointment?
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A
A power granted to a beneficiary to designate who will receive trust assets upon their death.
💡 Explanation:
A power of appointment is a power granted to a beneficiary of a trust to designate who will receive the trust assets upon their death. This power can be either general or special, and it can be exercised by the beneficiary during their lifetime or upon their death.