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The Pros and Cons of Powers of Appointments
Apr 15, 2021 — In trust law and tax law, there are two types of powers of appointment: (1) a general power of appointment and (2) a limited power of appointment (also known as special or nongeneral powers of appointment).
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Power of Appointment for a Trust or Will - SmartAsset
Mar 23, 2023 — In essence, a general power of appointment gives over complete control of the trust, and the person who has that power can allocate the trust’s assets how that person sees fit. On the other hand, a limited or special power …
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