Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

appointees

Read a random definition: skippeson

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
LSD+ is ad-free, with DMs, discounts, case briefs & more.