power of appointment - Meaning in Tamil
power of appointment - Meaning in Tamil
noun
Definitions and Meaning of power of appointment in English
power of appointment noun
- authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor's property
Description
A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator to select a person who will be given the authority to dispose of certain property under the will. Although any person can exercise this power at any time during their life, its use is rare outside of a will. The power is divided into two broad categories: general powers of appointment and special powers of appointment. The holder of a power of appointment differs from the trustee of a trust in that the former has no obligation to manage the property for the generation of income, but need only distribute it.
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What is power of appointment meaning in Tamil?
The word or phrase power of appointment refers to authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor's property. See power of appointment meaning in Tamil, power of appointment definition, translation and meaning of power of appointment in Tamil. Learn and practice the pronunciation of power of appointment. Find the answer of what is the meaning of power of appointment in Tamil.
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What is power of appointment meaning in Tamil, power of appointment translation in Tamil, power of appointment definition, pronunciations and examples of power of appointment in Tamil.
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