American College Exam HS330 Topic 1 Question 57 Discussion

Actual exam question for American College's HS330 exam

Question #: 57
Topic #: 1

Which of the following statements concerning a power of appointment is correct?

AA limited power of appointment permits the donee of the power to exercise the power in favor of anyone except the donee's family members.

BThe recipients of the properly after the donee exercises the power of appointment are known as the appointees.

CA donee who possesses a special power of appointment at the time of his or her death has the properly included in the gross estate.

DThe time that a special power of appointment may be exercised may not be restricted by the donor when creating the power.

Show Suggested Answer

Suggested Answer: B

by Quentin at Aug 18, 2022, 01:06 PM

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