special power of appointment

Definition of "special power of appointment"
  1. 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
How to use "special power of appointment" in a sentence
  1. Under the will, the trustee was given a special power of appointment to distribute the assets to the beneficiaries.
  2. The special power of appointment was limited so she could not use it to benefit her own estate.
  3. He was reluctant to give up the special power of appointment, as he had been hoping to use it for his own benefit.

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