power of appointment trust

A trust in which property is left in trust for the surviving spouse.

• The trustee must distribute income to the spouse for life, and the power of appointment is given to the spouse or to his or her estate. A power-of-appointment trust is commonly used to qualify property for the marital deduction. See marital deduction under DEDUCTION.

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词条贡献者

资深译员文楷，毕业于亚洲一流的高级翻译学院，擅长翻译各类与电信、媒体和技术相关的法律文件。