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Legal Terms – Illusory Appointment
Occurs when an individual with a power of appointment distributes property in a way that appears valid but provides no genuine benefit to beneficiaries. Although once void, such appointments are now recognized if consistent with the settlor’s intent.
Occurs when an individual with a power of appointment distributes property in a way that appears valid but provides no genuine benefit to beneficiaries. Although once void, such appointments are now recognized if consistent with the settlor’s intent.
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