Powers of Appointment

Question 1

Purpose of Power of Appointment

Answer 1

Permits income beneficiary to designate remainder.

This POWER must be EXERCISED

Question 2

If Power of Appointment is not Exercised?

Answer 2

Default of appointment goes to beneficiary’s children

Question 3

Blanket Power of Appointment

Answer 3

All may property including any property over which I have point to appoint.