power of appointment

• Rechtliches Institut, das einer Person (dem Berechtigten) die Befugnis verleiht, zu bestimmen, wer Vermögen oder Aktiva aus einem Trust oder einer Erbschaft erhält; die Ausübung erfolgt häufig durch Testament oder notarielle Urkunde.

A legal term referring to the authority granted to a person (the donee) to decide who will receive property or assets from a trust or estate, typically exercised through a will or deed.

1. Legal authority to designateC2formal

   A legal right granted to a person (the donee) to decide who will receive property or assets from a trust or estate.

   Recht der Ernennung

   • The will granted her a power of appointment over the family trust.
   • He exercised his power of appointment to leave the estate to his children.
   • The lawyer explained the tax implications of the power of appointment.