Appointive property definition

Appointive property means the property or property interest subject to a power of appointment.
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Appointive property means the property or property
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Appointive property means the property or interest in property that is the subject of the power of appointment.
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Examples of Appointive property in a sentence

  • Appointive property subject to a general power of appointment created by the powerholder is subject to a claim of a creditor of the powerholder or of the powerholder’s estate to the extent provided in [cite state law on fraudulent transfers or the Uniform Fraudulent Transfers Act].

  • As used in [sections 1 through 38], the following definitions14 apply:15 (1) "Appointee" means a person to which a powerholder makes an appointment of appointive property.16 (2) "Appointive property" means the property or property interest subject to a power of appointment.17 (3) "Blanket-exercise clause" means a clause in an instrument that exercises a power of appointment and18 is not a specific-exercise clause.

  • Appointive property subject to a general power of appointment created by the power holder is subject to a claim of a creditor of the power holder or of the power holder's estate to the extent provided in the Uniform Voidable Transactions Act, Article 3A of Chapter 39 of the General Statutes.

  • Appointive property subject to a nongeneral power of appointment is exempt from a claim of a creditor of the powerholder or the powerholder’s estate.

  • DefinitionsAs used in this Act, unless the context otherwise indicates, the following terms have the following meanings.1. Appointive property.

  • Appointive property subject to a general power of appointment created by the powerholder is subject to a claim of a creditor of the powerholder or of the powerholder's estate to the extent provided in the Uniform Fraudulent Transfer Act.

  • Appointive property can be defined as $10, 40 shares of XYZ, Inc., Blackacre, % of corpus, only certain defined assets – it does not have to be “all or nothing” , even though that is how most forms/trusts are worded.

  • A NEW SECTION OF KRS CHAPTER 390 IS CREATED TO READ AS FOLLOWS:(1) As used in this section, "power of appointment created by the powerholder" includes a power of appointment created in a transfer by another person to the extent the powerholder contributed value to the transfer.(2) Appointive property subject to a general power of appointment created by the powerholder is subject to a claim of a creditor of the powerholder or of the powerholder's estate to the extent provided in KRS Chapter 378A.

  • In the Uniform Trust Decanting Act: 4 (1) Appointive property means the property or property interest 5 subject to a power of appointment.

  • Appointive property" means the property or property interest subject to a power of appointment.


More Definitions of Appointive property

Appointive property means the property or property interest subject to a
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Appointive property means the property or property interest subject to a power of appointment. "Ascertainable standard" means a standard relating to an individual's health, education, support, or
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Appointive property means the property or prop- erty interest subject to a power of appointment.
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Appointive property means the property or property interest subject to a power of appointment. Appointive property can be defined as $10, 40 shares of XYZ, Inc., Blackacre, % of corpus, only certain defined assets – it does not have to be “all or nothing” , even though that is how most forms/trusts are worded. It can have a cap or be referenced by formula or other identifier. E.g. “appointive assets shall include only those trust assets whose basis would increase if included in my estate under IRC §2041/1014.”
Sample 1
Appointive property means the property or property interest subject to a power of appointment. Appointive property can be defined as $10, 40 shares of XYZ, Inc., Blackacre, % of corpus, only certain defined assets – it does not have to be “all or nothing” , even though that is how most forms/trusts are worded. It can have a cap or be referenced by formula or other identifier. E.g. “appointive assets shall include only those trust assets whose basis would increase if included in my estate under IRC §2041/1014.”
Sample 1

Related to Appointive property

  • Residential property means improved property that:-

  • Non-Residential Property means all Assessor’s Parcels of Developed Property for which a building permit(s) was issued for a non-residential use.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.