power of appointment trust
- 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
- In a power of appointment trust, the surviving spouse can direct how the estate's assets will be distributed upon their death.
- 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.
- 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.