Inject flexibility into your estate plan – A limited power of appointment offers asset distribution options

Description

Abstract: Even when parents want to treat all children equally, there could be circumstances in which they’d want one child to receive more than the other — or want to limit one child’s direct access to his or her inheritance. This article discusses how a limited power of appointment gives the “holder” of the power the ability to decide how, when and to whom specified assets in a trust or estate will be distributed.