Power of Appointment

Photo by zeitfaenger.at is licensed under CC 2.0. A power of appointment generally exists in the context of wills or trusts and provides an individual the right to dispose of certain specified property belonging to someone else. These powers can serve as valuable estate-planning tools, specifically with regard to the estate and gift Read more…

Charitable Trusts

Photo by Sacca is licensed under CC 2.0.  In previous posts, I have discussed various types of charitable trusts. While the rules governing charitable trusts can be quite complex, charitable trusts are simply trusts set up for charitable purposes. The reasons for setting up charitable trusts are numerous. Obviously, the noblest reason Read more…