1. Money
You can opt-out at any time. Please refer to our privacy policy for contact information.

Power of Appointment

By

Definition: The legal right granted to someone under the terms of a Last Will and Testament or of any type of a trust, including a Revocable Trust, an Irrevocable Trust, a Living Trust, or a Testamentary Trust, to override the wishes of the original Testator or the original Trustmaker and change the current or future provisions of the Last Will or trust.

Also Known As: General Power of Appoinment, Lifetime Power of Appointment, Limited Power of Appointment, Testamentary Power of Appointment

©2014 About.com. All rights reserved.