limited power of appointment

Definition of "limited power of appointment"
  1. A specific authority granted to a person that allows them to designate who will receive an asset, but this authority is constrained by certain terms or conditions
How to use "limited power of appointment" in a sentence
  1. In her will, she assigned her brother a limited power of appointment over her property, with the stipulation that the assets only be given to family members.
  2. Having a limited power of appointment gives him the flexibility to designate beneficiaries, but only within a specific group outlined in the will.
  3. The trust granted her a limited power of appointment, so although she can determine who receives the assets, her options are restricted according to the terms of the trust.

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