What Does Power of Appointment Mean?

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What does Power of Appointment mean? Read on to discover the definition & meaning of the term Power of Appointment - to help you better understand the language used in insurance policies.

Power of Appointment

Power of Appointment

Power of appointment is the authority to decide who will own an asset that forms part of an estate. This responsibility is conferred through the original asset owner's will.

We hope the you have a better understanding of the meaning of Power of Appointment.

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