One of the most valuable, but also most underutilized, estate planning tools is the power of appointment. They allow the holder to appoint property held in Trust to a specified group of individuals or organizations.
Powers of appointment can add a great deal of flexibility to an estate plan. However, in the case of any power of appointment, the creation and manner of exercise is critical.
You will learn about:
- The recent addition of Chapter 76 to the Probate, Estate & Fiduciaries Code
- The advantages and disadvantages of Powers of Appointment
- General powers and special/limited powers of appointment
- The practical uses of a Power of Appointment
- Proper exercise of a Power of Appointment
Recorded during a live webcast in March, 2018.