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Bill has a general power of appointment over all of his father s assets. Which of the following is not true regarding such a power?
Bill has a general power of appointment over all of his fathers assets. Which of the following is not true regarding such a power?
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If Bill predeceases his father, Bills gross estate would include his fathers assets even though they had not been previously appointed to Bill.
Bill can appoint his fathers money to pay for the needs of his father.
Bill can appoint money to his own creditors.
Bill must only appoint money using an ascertainable standard.
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