JD Supra

Whether an equitable power of appointment incident to a trust relationship is “in gross” or “collateral”: The practical implications

Section 17.3, comment f, of the Restatement (Third) of Property (Wills and Other Donative Transfers) explains the difference between a collateral power of appointment and a power of appointment in ...
Think Advisor

834 / When are powers of appointment includable in a decedent’s gross estate under IRC Section 2041?

IRC Section 2041 governs the includability in the decedent’s gross estate of property subject to his power of appointment. For estate tax purposes, a “power of appointment” is a power which has been ...
JD Supra

Court Reverses Summary Judgments On The Alleged Exercise Of A Power Of Appointment, Disclaimer, And The Statute Of Limitations

In In re Estate of Wells, No. 12-23-00066-CV, 2023 Tex. App. LEXIS 8475 (Tex. App.—Tyler November 8, 2023, no pet. history). The testator left a will that created a trust for his wife and descendants, ...
Crain's Cleveland Business

Empowered inheritance: Limited powers of appointment and generational wealth

The resounding financial goals of many high-net-worth families center around the growth, preservation and eventual methodical transition of wealth to future generations. Coupled with strategic asset ...
Kiplinger

How to Use Your Estate Plan to Save Tax Now: A Timely Update

A general power of appointment (GPOA) empowers the holder of the power to give away or direct the distribution of your property upon your death. This “power of appointment” provides a step-up in the ...
The National Law Review

Court Reverses Summary Judgments on the Alleged Exercise of a Power of Appointment, Disclaimer, And the Statute of Limitations

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...