Presently exercisable general power of appointment definition

Presently exercisable general power of appointment means a power of appointment under which, at the time in question, the decedent, whether or not the decedent then had the capacity to exercise the power, held a power to create a present or future interest in himself, his creditors, his estate, or creditors of his estate, and includes a power to revoke or invade the principal of a trust or other property arrangement.
Sample 1Sample 2Sample 3
Presently exercisable general power of appointment means a power of appointment under which, at the time in ques- tion, the decedent held a power to create a present or future interest in himself or herself, his or her creditors, his or her estate or credi- tors of his or her estate and a power to revoke or invade the princi- pal of a trust or other property arrangement, whether or not the decedent had the capacity to exercise the power at the time.
Sample 1Sample 2Sample 3
Presently exercisable general power of appointment means a power of appointment under which, at the time in question, the decedent, whether or not the decedent then had the capacity to exercise the power, held a power to create a present or future interest in the decedent, the decedent's creditors, the decedent's estate, or the creditors of the decedent's estate, and includes a power to revoke or invade the principle of a trust or other property arrangement.
Sample 1Sample 2Sample 3

Examples of Presently exercisable general power of appointment in a sentence

  • Presently exercisable general power of appointment," with respect to property or a property interest subject to a power of appointment, means power exercisable at the time in question to vest absolute ownership in the principal individually, the principal's estate, the principal's creditors or the creditors of the principal's estate.

  • Presently exercisable general power of appointment" means a power of appointment under which, at the time in question, the decedent, whether or not the decedent then had the capacity to exercise the power, held a power to create a present or future interest in the decedent, the decedent's creditors, the decedent's estate or creditors of the decedent's estate, and includes a power to revoke or invade the principal of a trust or other property arrangement.[PL 2017, c.

  • Presently exercisable general power of appointment" means a power of appointment under which, at the time in question, the decedent, whether or not the decedent then had the capacity to exercise the power, held a power to create a present or future interest in the decedent, the decedent's creditors, the decedent's estate or creditors of the decedent's estate, and includes a power to revoke or invade the principal of a trust or other property arrangement.

  • The value of6 nonspousal assets shall be their net values used in determining Total Net7 Assets.8 (3b) Presently exercisable general power of appointment.

  • In addition, the UPOAA defines the following terms: 1) Durable, 2) Electronic, 3) Good Faith, 4) Person, 5) Power of Attorney, 6) Presently exercisable general power of appointment, 7) Principal, 8) Property, 9) Record, 10) Sign, 11) State, and 12) Stocks and bonds.


More Definitions of Presently exercisable general power of appointment

Presently exercisable general power of appointment means the power exercisable at the time in question to vest absolute ownership in the principal individually, the principal's estate, the principal's creditors, or the creditors of the principal's estate, with respect to property or a property interest subject to a power of appointment. The term includes a power of appointment not exercisable until the occurrence of a specified event, the satisfaction of an ascertainable standard, or the passage of a specified period only after the occurrence of the specified event, the satisfaction of the ascertainable standard, or the passage of the specified period. The term does not include a power exercisable in a fiduciary capacity or only by will.
Sample 1Sample 2Sample 3
Presently exercisable general power of appointment means a power of appointment
Sample 1Sample 2Sample 3
Presently exercisable general power of appointment means a power possessed by a person at the time in question to create a present or future interest in the person, in the person's creditors, in the person's estate, or in the creditor of the person's estate, whether or not the person then had the capacity to exercise the power. "General power of appointment" means a power, whether or not presently exercisable, possessed by a person to create a present or future interest in the person, in the person's creditors, in the person's estate, or in creditors of the person's estate.
Sample 1Sample 2Sample 3
Presently exercisable general power of appointment means a power of appointment under which, at
Sample 1Sample 2Sample 3
Presently exercisable general power of appointment means a power of appointment under which, at the time in question, the decedent by an exercise of the power could have created an interest, present or future, in himself or herself or his or her creditors.
Sample 1Sample 2
Presently exercisable general power of appointment means a power of appointment exercisable by the powerholder at the relevant time. The term:
Sample 1
Presently exercisable general power of appointment means a power exercisable at
Sample 1Sample 2