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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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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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