Wills, Trusts, and Estates, Volume 1 |
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Page 706
... special power . Thus a special power is a power not exercisable in favor of the donee , his estate , his creditors , or the creditors of his estate . Prevailing professional usage of these terms is in accord with the definitions ...
... special power . Thus a special power is a power not exercisable in favor of the donee , his estate , his creditors , or the creditors of his estate . Prevailing professional usage of these terms is in accord with the definitions ...
Page 806
... power or a special power is regarded as an agent of the donor , not as the beneficial owner of the property . The appointments under testamentary and special powers are read back into the instrument creating the power . The perpetuities ...
... power or a special power is regarded as an agent of the donor , not as the beneficial owner of the property . The appointments under testamentary and special powers are read back into the instrument creating the power . The perpetuities ...
Page 807
... special testamentary power to appoint outright or in further trust among A's descendants . A can exercise the power by appointing in further trust for his child B for life , giving B a special testamentary power in favor of B's ...
... special testamentary power to appoint outright or in further trust among A's descendants . A can exercise the power by appointing in further trust for his child B for life , giving B a special testamentary power in favor of B's ...
Contents
Societys Control | 1 |
Union National Bank | 20 |
Notes and Questions | 27 |
Copyright | |
47 other sections not shown
Common terms and phrases
A's children A's death adopted appeal apply attorney Bank beneficiary benefit bequeathed bequest Blackacre charitable child claim clause codicil common law community property constructive trust corpus court held created creditors cy pres daughter deceased decedent decedent's defendant determine devise disposition distribution doctrine donor elective share entitled estate tax evidence executed executor exercise fee simple fiduciary funds future interest gift tax grandchildren gross estate heirs husband income infra inheritance inter vivos trust intestacy investment issue joint tenancy lawyer living marriage Note plaintiff power of appointment predeceased principal problem purpose question reason residuary Restatement Second revocable trust revoke Rule against Perpetuities settlor special power spendthrift trust statute supra surviving spouse tenant termination testamentary testator's death testatrix transfer trial court trust assets trust instrument trust property Trusts Law Uniform Probate Code valid vested wife witnesses