General power of appointment

{
  "id": "MLC-T-LAW-002296",
  "term": "General power of appointment",
  "field": "Law",
  "definition": "A legal right granted to an individual, known as the donee, to designate the recipients of property without restriction. The donee can appoint the property to themselves, their estate, their creditors, or the creditors of their estate. This type of power is treated as ownership for estate tax purposes.",
  "url": "https://mlchart.com/terminology/law/general-power-of-appointment/"
}