A special power of appointment protects both your children and your spouse. The power guarantees that the asset will go to your children, but your surviving spouse has the power to chose which ones of them will inherit. This gives your surviving spouse an effective way of making sure that he/she has more decision making […]
power of appointment
What is a special power of appointment?
The purpose of a California special power of appointment is for the maker (the testator) of a will or trust to give an executor or other beneficiary broader powers to distribute certain assets to a group of beneficiaries in the testator’s will or trust. An example of when a special power of appointment would be […]