| Commentary

1 General

| Commentary

Commentary

A: INTRODUCTION AND CLASSIFICATION

1 General

Powers of appointment (also known as dispositive powers1) are powers authorising a person (the appointor) to create or dispose of beneficial interests in property to which the appointor is not solely entitled (indeed in which the appointor may have no interest at all). The most important distinction is between powers held by the appointor in a personal capacity (bare powers, also called personal powers) and powers held by virtue of an office, for example powers held by a trustee (fiduciary powers)2. Another distinction, and a common method of classification, relates to whether the power is

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