Reserved power of appointment

{
  "id": "MLC-T-LAW-004267",
  "term": "Reserved power of appointment",
  "field": "Law",
  "definition": "A right retained by the creator of a trust or other legal instrument to designate the recipients of certain property at a later date. This power allows the grantor to maintain control over the ultimate distribution of assets without fully relinquishing ownership. It is often used in estate planning to provide flexibility in adapting to future circumstances or beneficiaries' needs.",
  "url": "https://mlchart.com/terminology/law/reserved-power-of-appointment/"
}