Trusts can be very flexible. One of the ways to add flexibility is by using powers of appointment. This article will examine what a power of appointment is and how it may be used to add flexibility to a trust. The following article by my friend and colleague Steve Hartnett, an experienced and qualified estate planning attorney, examines the tax consequences of powers of appointment.
Basics of Estate Planning: Powers of Appointment – Part 1
If you have questions about powers of appointment, we can help.
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