appointive asset

Definition of "appointive asset"
  1. A piece of property in an individual's estate that is assigned to be dispersed under the directive of a power of appointment
How to use "appointive asset" in a sentence
  1. When the will was read, it was revealed that the beach house, an appointive asset, was to be overseen by the trustee specified.
  2. Understanding the specifics of the appointive asset, Jane looked to a more experienced attorney for advice.
  3. The oldest son was tasked with the distribution of the appointive asset, as per the last wishes of his father.

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