Under the terms of a trust created by Billie, Jody (Billie's brother) has the right to determine how its income is to be divided among Billie's children. Jody holds a general power of appointment.

Question

Quizplus · Accepted Answer

A general power of appointment allows the holder to appoint the trust property to themselves, their creditors, their estate, or the creditors of their estate. Jody's power is limited to distributing income among Billie's children, which is a special or limited power of appointment, not a general one.

Under the Terms of a Trust Created by Billie, Jody