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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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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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