Cartoon Guy Holding Stack Of Books

Public Trust Doctrine

ABC Blocks

The right to leave property by will, transfer, gift or distribution under a trust. such a power is often found in a trust in which each of the trustors (the creators of the trust, usually a husband and wife) is empowered to write a will leaving his or her share (or some part) to someone. if the power of appointment is not used then it expires on the death of the person with the power.

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.