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. An upcoming article will examine the tax consequences of powers of appointment.
Basics of Estate Planning: Powers of Appointment – Part 1
- Revocable Trusts Are Not Always Treated the Same as an Individual - July 29, 2021
- Roth IRAs Can Be a Great Planning Strategy: Basics - July 27, 2021
- Trust Distribution Standards May Be Very Broad - July 22, 2021