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Simple English definitions for legal terms

Presently exercisable power of appointment

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A quick definition of Presently exercisable power of appointment:

A presently exercisable power of appointment is a type of power that someone has to make decisions about something while they are still alive. This is different from a power of appointment that can only be used after the person has died.

A more thorough explanation:

A presently exercisable power of appointment is a type of power of appointment that the person who received it can use during their lifetime. This is different from a testamentary power of appointment, which can only be used after the person's death.

For example, if a wealthy person sets up a trust for their children and gives them a presently exercisable power of appointment, the children can use the money in the trust for their own benefit while they are alive. They could use the money to buy a house, start a business, or pay for their children's education. However, if the person had given them a testamentary power of appointment, the children would have to wait until the person's death to access the money.

Another example of a presently exercisable power of appointment is when a person creates a will and gives their executor the power to distribute their assets to their heirs. The executor can use this power during the probate process to make sure that the person's wishes are carried out.

presenteeism | presentment

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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
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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