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Simple English definitions for legal terms

Testamentary power of appointment

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A quick definition of Testamentary power of appointment:

A testamentary power of appointment is a special kind of power that someone can only use when they write their will. It's different from other powers that can be used right away.

A more thorough explanation:

A testamentary power of appointment is a type of power of appointment that can only be exercised by the recipient through their will. This is different from a presently exercisable power of appointment, which can be exercised immediately.

For example, if a wealthy individual creates a trust and gives their child a testamentary power of appointment over the trust assets, the child can only exercise that power by including instructions in their will. They cannot make changes to the trust during their lifetime.

Another example would be if a grandparent creates a trust for their grandchildren and gives their daughter a testamentary power of appointment over the trust assets. The daughter can only exercise that power by including instructions in her will, which will determine how the trust assets are distributed among the grandchildren.

These examples illustrate how a testamentary power of appointment can provide flexibility and control over the distribution of assets after the donor's death, while still allowing the donor to maintain some level of control during their lifetime.

testamentary disposition | testamentary trust

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babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
2big2fail
13:09
berkeley status checker is so funny
13:11
berk today will be Huge if it happens
2big2fail
13:12
i think berkeley next wave will be in december
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
Dkk
13:20
@SplitterusClitterus: 11:22:24 PST, so in about an hour.
Dkk
13:21
Adios EvolBunny then
yall saw the shit at gtown rn w the pregnant 2l
Dkk
13:22
@HopefullyInLawSchool: Lol
babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
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