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LSDefine

Simple English definitions for legal terms

appointees

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A quick definition of appointees:

Appointees: When someone has the power to choose who will receive certain assets, the people they choose are called appointees. These individuals are selected by the person with the power to receive the assets that are subject to that power.

A more thorough explanation:

Appointees

Appointees refer to the individuals chosen by the holder of a power of appointment to receive assets subject to that power. These individuals are selected from a group of potential recipients known as the objects of the power.

For example, if a wealthy individual creates a trust and grants their child a power of appointment over the trust assets, the child may choose to appoint their own children as the appointees to receive the assets. Alternatively, the child may choose to appoint a charity or other family member as the appointee.

Another example could be a will that grants the executor a power of appointment over certain assets. The executor may choose to appoint the assets to a specific individual or distribute them among a group of appointees.

The examples illustrate how appointees are selected by the holder of a power of appointment to receive assets subject to that power. The appointees can be anyone chosen by the holder, including family members, friends, charities, or other entities. The power of appointment allows the holder to have control over the distribution of assets, even after their death.

applicable exclusion amount | appointive assets

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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