How Powers of Appointment Can Improve Your Trust

How Powers of Appointment Can Improve Your Trust Today many estate plans contain trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple decades, it is important for the trust creator to consider including powers of appointment in the trust agreement to allow trust beneficiaries to be added or excluded at each generation. What is a Power of Appointment? In broad terms a power of appointment is the right granted to an individual under the terms of a trust to change the provisions [...]