testamentary power of appointment
A testamentary power of appointment is a power of appointment that the donee can only exercise through their will. This can be contrasted with a presently exercisable power of appointment.
[Last reviewed in June of 2024 by the Wex Definitions Team]
Keywords
Wex
- LIFE EVENTS
- financial events
- wills
- PROPERTY
- property & real estate law
- trusts
- inheritances & estates
- wex definitions
- property law