3. Property passing under GPA- power of appointment is the right to designate by will or deed the person who will received the property from prior decedent.

Property with a clause that

She is free to transfer it to anybody.

QUESTION: is the appointment part of his gross estate?

Additions to Gross Estate

Prior Decedent

Donee

3. Property passing under GPA- power of appointment is the right to designate by will or deed the person who will received the property.

Additions to Gross Estate

Special Power of Appointment- one which authorizes the done or holder of the power to appoint only among a restricted class of persons other than himself (Morgan). (NOT Part of Gross Estate)General Power of Appointment- can appoint beneficiaries INCLUDING himself, estate, creditor or creditors of his estate. (Part of Gross Estate)

4. Decedent’s Interest- dividends, profits, proceeds in any insurance, right of usufruct.oDividendsoDividends declared by a corporation before death of stockholder although paid after death, IF the decedent was LIVING on the record date.

Additions to Gross Estate