A general power of appointment over property is not, strictly speaking, property1; but, if it is exercisable by deed, it is within the extended meaning in which the term 'property' is used in the Insolvency Act 1986 in determining what property of the bankrupt is comprised in the bankrupt's estate2; such a power may be exercised by the trustee for the creditors' benefit so long as the bankrupt is living3. A general power of appointment which is exercisable by will only is not 'property' within the Insolvency Act
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234