Legal Definitions - appointees

Appointees

Appointees refer to the individuals chosen by the holder of a power of appointment to receive assets subject to that power. These individuals are selected from a group of potential recipients known as the objects of the power.

For example, if a wealthy individual creates a trust and grants their child a power of appointment over the trust assets, the child may choose to appoint their own children as the appointees to receive the assets. Alternatively, the child may choose to appoint a charity or other family member as the appointee.

Another example could be a will that grants the executor a power of appointment over certain assets. The executor may choose to appoint the assets to a specific individual or distribute them among a group of appointees.

The examples illustrate how appointees are selected by the holder of a power of appointment to receive assets subject to that power. The appointees can be anyone chosen by the holder, including family members, friends, charities, or other entities. The power of appointment allows the holder to have control over the distribution of assets, even after their death.