Trusts: Powers of Appointment
Description: This quiz is designed to assess your understanding of the concept of powers of appointment in trusts. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: trusts powers of appointment estate planning |
What is a power of appointment?
What is the difference between a general power of appointment and a special power of appointment?
What is the rule against perpetuities?
How does the rule against perpetuities apply to powers of appointment?
What is a lapse of a power of appointment?
What are the consequences of a lapse of a power of appointment?
Can a power of appointment be released?
What is the effect of releasing a power of appointment?
Can a power of appointment be exercised by a minor?
Can a power of appointment be exercised by an incapacitated person?
What is the difference between a testamentary power of appointment and a non-testamentary power of appointment?
What is the difference between a general power of appointment and a limited power of appointment?
What is the difference between a discretionary power of appointment and a mandatory power of appointment?
What is the difference between an exclusive power of appointment and a non-exclusive power of appointment?
What is the difference between a general power of appointment and a special power of appointment?