Trusts can be very flexible instruments. One of the ways to add flexibility is by using powers of appointment. In Part 2 of his blog, my friend and colleague Steve Hartnett, an experienced and qualified estate planning attorney, continues his examination of the different types of powers of appointment and how that can impact taxation.
Basics of Estate Planning: Powers of Appointment – Part 2
If you need assistance with a power of attorney issue, we can help.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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