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

general power of appointment

1
“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
2
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
Historical and Theological Foundations of LawHistorical and Theological Foundations of Law
by John Eidsmoe M.Div.
  • List Price: $149.00
  • Price: $125.36
  • You Save: $23.64 (16%)
from $103.71
View
The Principles of Morals and Legislation (Great Books in Philosophy)The Principles of Morals and Legislation (Great Books in Philosophy)
by Jeremy Bentham
  • List Price: $13.99
  • Price: $11.95
  • You Save: $2.04 (15%)
from $3.63
View
David S CohenAttorney at LawPRACTICE AREA: Professional Malpractice, Labor & Employment Law, Workers Compensation
Steve VinyardAttorney at LawPRACTICE AREA: Administrative Law, Labor & Employment Law, Workers Compensation
Linton L MoyerAttorney at LawPRACTICE AREA: Professional Malpractice, Health Care Law, Workers Compensation
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 »
New York TimesAt 6-foot-4 with a fastball in the high 90s, Greene will present an interesting choice for any team drafting him, since he is an elite pitching prospect but also a power-hitting shortstop. He is 17, and it is hard to tell which direction he should go ... more »
Sunderland EchoNow she is bringing her knowledge and experience to bear within the Wills and Probate division of EMG Solicitors, at Abbeywoods Business Park, Durham. She will specialise in advising clients on issues such as wills, Lasting Powers of Attorney and ... 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