How Powers of Appointment Can Improve Your Trust

Many trusts that will continue for the benefit of a spouse’s lifetime and for the benefit of several generations. By design, these trusts may span multiple decades. It is important for the trust creator to consider including powers of appointment; allowing the addition or removal of beneficiaries at each generation.

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Who’s Going to Get It: Do You Really Know the Beneficiaries of Your Trust?

Today many estate plans contain irrevocable dynasty trusts that continue for the benefit of a spouse’s lifetime and then for the benefit of future generations. Your trust must clearly define the beneficiaries at each generation.

Who Are Your Descendants?

The old definition of "descendant" was: a person traced back to a specific ancestor through bloodlines. Modern families encompasses more than just blood heirs:

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