Restatement of the Law, Second, Property 2d: Donative Transfers |
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appoint by deed appointive assets appointive property beneficial interests beneficiary benefit Code Ann conveyance corpus court held create a power D's power debts deceased decedent default of appointment devise directed to pay disclaimer distribute the trust donee donee's creditors donee's estate donor effect elective share estate tax executor exer exercise the power facts as Illustration fee simple gift tax heirs inter vivos inter vivos trust Internal Revenue Code issue to take ment non-general power NOTE TO SECTION O's children O's death O's issue objects partial release pointment power is exercised power of ap power of appointment power presently exercisable powerholder REPORTER'S NOTE Reporter's Tax Note residuary estate revocation revoke or amend rule rule against perpetuities settlor spouse's Stat Statutory Note statutory share surviving spouse take per stirpes takers in default tate tax consequences tenant testator's tion transfers Blackacre transfers property trust property Trusts Law valid vested