Legal definition of general power of appointment
Wills & Probate Legal Terminology

general power of appointment

“General power of appointment” means a power of appointment exercisable in favor of the holder of the power, the power holder’s creditors, the power holder’s estate, or the creditors of the power holder’s estate. (PART I, Sec. 736.0103)
Source: FLorida Probate Code. website
A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator (the person writing the will) to select a person who will be given the authority to dispose of certain property under the will. Although any person can exercise this power at any time during their life, its use is rare outside of a will.
The power is divided into two broad categories: general powers of appointment and special powers of appointment.
A general power of appointment is defined for federal estate tax purposes in the Internal Revenue Code §2041. A general power of appointment is one which allows the holder of the power to appoint to himself, his estate, his creditors, or the creditors of his or her estate the right to have the beneficial use and enjoyment of certain property covered by the power of appointment.
Source: Wikipedia - The Free Encyclopedia. website. license
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Examples & Explanations: Corporate Taxation, 4th EditionExamples & Explanations: Corporate Taxation, 4th Edition
by Cheryl D. Block
  • List Price: $52.95
  • Price: $42.46
  • You Save: $10.49 (20%)
from $24.46
A Practical Guide to Media LawA Practical Guide to Media Law
by Ashley Messenger
  • List Price: $110.40
  • Price: $104.88
  • You Save: $5.52 (5%)
from $72.23
Roger H EpsteinAttorney at LawPRACTICE AREA: Real Estate Law, Tax Law, Business Law, Industrial Development Law
Eric J VorysAttorney at LawPRACTICE AREA: Real Estate Law, Business Law, Intellectual Property, Sports Law, Industrial Development Law
Matthew J AdamAttorney at LawPRACTICE AREA: Real Estate Law, Wills & Probate, Business Law, Trusts & Estate Planning, Industrial Development Law
MLive.comThe Lions went after some speed for future defenses, too, drafting fifth-round San Diego cornerback Jamal Agnew and his 4.34-second 40-yard dash speed from his pro day, though he is considered a project for future defenses more than for this one. more »
Beyond the Box ScoreMLB is often ignorant of its female audience, but drafting Luke Heimlich would be untenable. by Audrey Stark ... That's the reason teams have front offices and scouting departments: so fans can sit back and trust they will make good decisions. Major ... more »
Inland Valley Daily BulletinLa Verne, with the involvement of city staff and residents, has been taking steps to plan for the future and has developed specific plans for areas such as Old Town La Verne, Foothill Boulevard and the Arrow Corridor, Fredericksen said. The drafting of ... more »
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content