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Trusts: Powers of Appointment

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Multiple Choice

What is a power of appointment?

  1. A power granted to a trustee to sell or distribute trust assets.
  2. A power granted to a beneficiary to designate who will receive trust assets upon their death.
  3. A power granted to a settlor to modify or revoke a trust.
  4. A power granted to a court to supervise the administration of a trust.
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