Appropriation / Power of appropriation Definition

Case studies

"While we began looking at ��ɫ�� products primarily for cost saving, it quickly became more about customer service, ease of onboarding, ongoing training and breadth of resources available."

Co-Op

Access all documents on Appropriation / Power of appropriation

GET ACCESS NOW

GLOSSARY

Published by a ��ɫ�� Private Client expert

What does Appropriation / Power of appropriation mean?

A process by which a representative'>personal representative or a trustee uses a specific asset in the estate or trust fund to meet, in full or in part, a beneficiary’s entitlement or interest. Personal representatives may have a power of appropriation under the common law or a statutory power under section 41 of the Administration of Estates Act 1925 (AEA 1925) or express through provision in the Will or trust instrument.

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.