Legal Definitions - appointive property

Appointive property is a type of property interest that is subject to a power of appointment. This means that the owner of the property has the power to decide who will receive the property after their death. For example, a person may have a trust that gives them the power to appoint the trust property to their children or grandchildren.

One example of appointive property is a trust that gives the trustee the power to distribute the trust assets to the beneficiaries in any way they see fit. The trustee may have the power to appoint the assets to one beneficiary or divide them among several beneficiaries. This type of trust is often used to provide flexibility in estate planning.