power of appointment

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 for the benefit of others, and operating on an estate or interest, vested either in himself or in some other person, such liberty or authority, however, not being derived out of such estate or interest, but overreaching or superseding it, either wholly or partially. 41 Am J1st Pow § 2. See general power of appointment; special power of appointment.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • 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 — n. the authority granted to a person by deed or will to dispose of the grantor s property …   English World 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 — noun authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor s property • Hypernyms: ↑authority, ↑authorization, ↑authorisation, ↑potency, ↑dominance, ↑say so * * * noun : a legal authority granted… …   Useful english dictionary

  • power of appointment — /ˌpaυər əv ə pɔɪntmənt/ noun the power of a trustee to dispose of interests in property to another person …   Dictionary of banking and finance

  • power of appointment — Law. the authority granted by a donor to a donee to select the person or persons who are to enjoy property rights or income upon the death of the donor or of the donee or after the termination of existing rights or interests. [1930 35] * * * …   Universalium

  • power of appointment — noun In the law of wills, the ability of a testator to select a person who will be given the authority to dispose of certain property under the will …   Wiktionary

  • power of appointment — document of nomination …   English contemporary dictionary

  • power of appointment — noun the right granted by one person (the donor) to another (the donee or appointer) to dispose of the donor s property or create rights therein …   Australian English 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