9:49
ig ppl be backin out of attending pitt?
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LSDefine
Simple English definitions for legal terms
permissible appointee
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A quick definition of permissible appointee:
A permissible appointee is someone who can be chosen to receive property or benefits through a power of appointment. This means that they are eligible to be appointed by someone with the authority to do so. Another term for a permissible appointee is an object of the power of appointment.
A more thorough explanation:
A permissible appointee is a person who can be appointed to receive property under a power of appointment. This means that someone has the authority to choose who will receive the property, and the permissible appointee is the person who can legally receive it.
For example, if a wealthy person creates a trust and gives someone the power to appoint the trust property to anyone they choose, the permissible appointee would be the person or people who can legally receive the property. This could be a specific individual, a group of people, or even a charity.
Another example would be if a will gives someone the power to appoint certain assets to their children. The permissible appointees would be the children who can legally receive the assets.
Overall, a permissible appointee is simply the person who can legally receive property under a power of appointment. They are chosen by someone with the authority to appoint property, and must meet certain legal requirements in order to receive it.