power of appointment trust

Definition of "power of appointment trust"
  1. A trust arrangement that grants a living spouse the rights to utilize an estate's property during their lifetime and dictate its distribution after death, either to themselves or their estate
How to use "power of appointment trust" in a sentence
  1. In a power of appointment trust, the surviving spouse can direct how the estate's assets will be distributed upon their death.
  2. A power of appointment trust ensures that the spouse left behind maintains access to the property and has the ability to decide its distribution post their demise.
  3. Using a power of appointment trust, the remaining living spouse controls the property for their lifetime and also determines the distribution of it after their death.

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