There are several tools to build flexibility into your estate plan. One tool is a power of appointment. It’s simply a provision in your estate plan that permits another person, such as a beneficiary, to determine how, when and to whom certain assets in your estate or trust will be distributed. The person who receives a power of appointment is called the “holder.” These powers come in several forms. A testamentary power of appointment allows the holder to direct the distribution of assets at death through his or her will or trust. An inter vivos power of appointment allows the holder to determine the disposition of assets during his or her lifetime. Contact us for more details.