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Powers of Appointment
(redirected from power of appointment)

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Powers of Appointment
A grant of the ability to dispose of property, especially of an estate. The person who receives the powers of appointment may be the executor of an estate or the trustee of a trust. The person with the powers of appointment must dispose of the property according to the wishes of the grantor, unless the grantor gives unlimited powers of appointment, which transfers discretion to the executor or trustee.
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He/she shall have no power of veto but shall have the same powers as any other member of the school committee to vote upon all measures coming before it; "The mayor shall have no power of appointment except those powers specifically granted to the mayor in this charter except as to the appointment of the secretaries, stenographers, clerks, telephone operators, and messengers connected with his/her office whose appointment shall not be subject to the civil service laws.
Research Bureau poses final questions for local candidates by Telegram & Gazette (Worcester, MA)
It amends the definition of "beneficiary" to clarify that a permissible appointee is not a beneficiary unless the power of appointment is irrevocably exercised in favor of the appointee.
CS/HB 965--Trust administration by Florida Bar News
The limited power of appointment provision might specify the class of individuals or entities (such as Tom's spouse, Tom's descendants, Bill and Laura's descendants, and/or charities) who could be included but should specifically exclude Tom's estate and Tom's creditors.
Drafting for flexibility in special needs trusts by Nelson-Reade, Patricia / The Exceptional Parent
 
 
 
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