special power of appointment
- Refers to the authority granted to an individual to determine how certain assets or rights will be distributed, but this cannot be used to benefit the individual or their estate
- Under the will, the trustee was given a special power of appointment to distribute the assets to the beneficiaries.
- The special power of appointment was limited so she could not use it to benefit her own estate.
- He was reluctant to give up the special power of appointment, as he had been hoping to use it for his own benefit.
Provide Feedback
