Definitions for "power of appointment"
A right given in a written instrument such as a will or trust, allowing an individual...
The ability under certain trusts to be able to change, or appoint new, beneficiaries.
A right you get from a Will or trust to decide who gets certain assets. A general power of appointment lets you choose anyone, including yourself, to get something. A special power of appointment doesn't let you give the property to yourself, your estate or your creditors. It can also have other rules.
Keywords:  attorney
Power Of Attorney