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Creditors' Ability To Reach Assets Under A General Power Of Appointment, Roy L. Steers, Jr.

Vanderbilt Law Review

Originally conceived prior to the enactment of the Statute of Uses as a means by which freehold legal interests in land might be devised, the power of appointment has maintained its prominent position in American society because of its utility in minimizing death taxes and injecting into dispositions of property an element of foresight otherwise unobtainable. Due to the immense popularity of powers of appointment as estate planning devices, statutory developments in the law of powers have been confined primarily to the tax field, with a resultant neglect of those areas of the law more tangentially related to powers of …