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LSDefine

Simple English definitions for legal terms

appointees

Read a random definition: family of marks

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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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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