Trustee Power Of Appropriation
Description
How to fill out Power Of Attorney By Trustee Of Trust?
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FAQ
Appropriation is the practice of giving or appropriating to a beneficiary actual property of a deceased person in satisfaction of a pecuniary legacy or a share of the residue of an estate. The practice may occur where the deceased dies testate, that is with a will, or intestate, that is without a will.
A deed for personal representatives to appropriate assets in the deceased's estate to one or more beneficiaries, who may receive equal shares in the assets or different assets.
What does Appropriation / Power of appropriation mean? A process by which a representative'>personal representative or a trustee uses a specific asset in the estate or trust fund to meet, in full or in part, a beneficiary's entitlement or interest.
An express power in a trust document that enables the trustee of a trust to decide what trust assets a beneficiary should receive, in satisfaction of his or her share of the trust.
Power of appropriation Appropriation is the practice of giving or appropriating to a beneficiary actual property of a deceased person in satisfaction of a pecuniary legacy or a share of the residue of an estate.