"Powers of Appointment -- You Gotta Know When To Hold 'Em, Know When To Walk Away And Know When To Run" 

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Professionals

I. What is a Power of Appointment

   A. General Powers of Appointment

   B. Limited Powers of Appointment

II. The Basics of Taxation

   A. Estate Tax - Section 2041

   B. Gift Tax - Section 2514

   C. Common Exceptions

III. Reasons for Granting a Power of Appointment

   A. Tax Reasons for Granting a Power of Appointment

   B. Non-Tax reasons for Granting a Power of Appointment

   C. Reasons for Not Granting a Power of Appointment 

IV. Common Issues to Address When Exercising a Power of Appointment

   A. Class of Potential Appointees

   B. Terms of Exercise

   C. Methods of Exercise

   D. Required Capacity

V. Common Mistakes In Exercising a Power of Appointment

   A. Common Issues

   B. Correcting Common Mistakes

   C. Using the Exercise of a Power of Appointment for Other Tax Reasons

For a complimentary copy of this presentation, please contact Jonathan Michael at jmichael@burkelaw.com

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