power-of-appointment trust

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.


What is the legal equivalence of power-of-appointment trust in Chinese?
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