special power of appointment
- special power of appointment
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Merriam-Webster’s Dictionary of Law.
Merriam-Webster.
1996.
- special power of appointment
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England, Wales
An express power conferred on a individual or, more commonly, the trustees of a trust, that enables them to direct (or redirect) given assets in favour of a particular beneficiary (or beneficiaries). The power is usually seen in discretionary trusts (where the beneficiaries do not have an automatic right to the income or capital of the trust fund), but can also be found in interest in possession (also known as life interest) trusts; it often allows the trustees to redirect the income or capital of the trust away from (or in favour of) the life tenant. In contrast see general power of appointment.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
- special power of appointment
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Webster's New World Law Dictionary.
Susan Ellis Wild.
2000.
Look at other dictionaries:
special power of appointment — A power of appointment under which the donee of the power is restricted to passing on the property to certain individuals or class of individuals designated or described in the instrument which creates the power. Marx v Rice, 1 NJ 574, 65, A2d 48 … Ballentine's law dictionary
power of appointment — power of appointment: a power granted under a deed or will authorizing the donee to dispose of an estate in a specified manner for the benefit of the donee or of others general power of appointment: a power of appointment which the donee may… … Law dictionary
Power of appointment — 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.… … Wikipedia
power of appointment — Authority enabling one person to dispose of an interest which is vested in another. Re Zanatta, 99 NJ Eq 339, 131 A 515. A liberty or authority reserved by, or limited to, a person to dispose of real or personal property for his own benefit, or… … Ballentine's law dictionary
special power — The authority of an agent to do only a specific act or acts in pursuance of particular instructions, or with restrictions necessarily implied from the act to be done. 3 Am J2d Agency § 6. See special power of appointment; special power of… … Ballentine's law dictionary
special power in trust — See special power of appointment … Ballentine's law dictionary
power of appointment, special — n. A power of appointment that limits the possible beneficiaries to members of a specified group. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
general power of appointment — see power of appointment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. general power of appointment … Law dictionary
nongeneral power of appointment — See special power of appointment … Ballentine's law dictionary
special power — noun 1. : a power of appointment (as to testator s widow to appoint testator s estate to such of their issue as she should by her will appoint) created or reserved not for the benefit of the donee but for the benefit of persons or a class of… … Useful english dictionary
