Question
PLEASE ANSWER ASAP!!!! All of the following statements concerning general powers of appointment are correct, EXCEPT: Group of answer choices A general power of appointment
PLEASE ANSWER ASAP!!!!
All of the following statements concerning general powers of appointment are correct, EXCEPT:
Group of answer choices
A general power of appointment can be created by will.
If the decedent holds property controlled by a general power of appointment, the property will be excluded from the decedents gross estate.
A general power of appointment must allow the holder to appoint the property to himself or herself, his or her creditors, creditors of his or her estate, or his or her estate.
A general power of appointment approaches actual ownership of the property subject to the power.
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