The difference between a general power of appointment and a, Ask an Expert

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The difference between a general power of appointment and a special power of appointment is:

A. A general power of appointment is given in a will; a special power of appointment is given in a trust.

B. A special power of appointment is limited by the ascertainable standard; the general power is not limited by the ascertainable standard.

C. A special power of appointment is not affected by the 5/5 power limitation; a lapse of a general power of appointment is limited by the 5/5 power.

D. There is no difference between a special and a general power of appointment.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M952004

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