Appoint

This crossword clue is for the definition: Appoint.
it’s A 7 letters crossword puzzle definition.
Next time, when searching for online help with your puzzle, try using the search term “Appoint crossword” or “Appoint crossword clue”. The possible answerss for Appoint are listed below.

Did you find what you needed?
We hope you did!.

Possible Answers: DESIGNATE.

Last seen on: LA Times Crossword 9 Feb 19, Saturday

Random information on the term “Appoint”:

Sections

Contest

Property disposition

Common types

Other types

Governing doctrines

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. Although any person can exercise this power at any time during their life, its use is rare outside of a will. The power is divided into two broad categories: general powers of appointment and special powers of appointment. The holder of a power of appointment differs from the trustee of a trust in that the former has no obligation to manage the property for the generation of income, but need only distribute it.


New Crossword clues and help App now available in the App Store and Google Play Store!
Crossword clues app Android Crossword clues app iphone iOs

Example: “I leave my video game collection to be distributed as my son Andrew sees fit.”

A general power of appointment is defined for federal estate tax purposes in the Internal Revenue Code §2041.[1] A general power of appointment is one which allows the holder of the power to appoint to himself, his estate, his creditors, or the creditors of his or her estate the right to have the beneficial use and enjoyment of certain property covered by the power of appointment. The holder of a general power of appointment is treated for estate tax purposes as if he or she is the owner of the property subject to the power, whether or not the power is exercised. Thus, the property which is subject to the power is includable in the power holder’s estate for estate tax purposes.

Appoint on Wikipedia