<P> A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator ( the person writing the will ) to select a person who will be given the authority to dispose of certain property under the will . Although any person can exercise this power at any time during their life , its use is rare outside of a will . The power is divided into two broad categories : general powers of appointment and special powers of appointment . The holder of a power of appointment differs from the trustee of a trust in that the former has no obligation to manage the property for the generation of income , but need only distribute it . </P>
<P> A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator ( the person writing the will ) to select a person who will be given the authority to dispose of certain property under the will . Although any person can exercise this power at any time during their life , its use is rare outside of a will . The power is divided into two broad categories : general powers of appointment and special powers of appointment . The holder of a power of appointment differs from the trustee of a trust in that the former has no obligation to manage the property for the generation of income , but need only distribute it . </P>
what does power of appointment mean in a will
what does power of appointment mean in a will
the ability of the testator ( the person writing the will ) to select a person who will be given the authority to dispose of certain property under the will
the ability of the testator ( the person writing the will ) to select a person who will be given the authority to dispose of certain property under the will