sign in
Forgot your password?
Want more? Register today for a trial. 7-day trial

A power or authority granted in a will or trust, which allows a beneficiary to direct distribution of assets to a limited class of individuals. Typically, a limited power of appointment is not includible in the beneficiary's gross estate, since he is restricted from appointing himself, his estate, or the creditors of his estate.

Synonyms: LPA, LPAs, limited power of appointments
Synonyms list (a comma-separated list)
LPA, LPAs, limited power of appointments