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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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