Terms Used In Indiana Code 30-4-10-20

• appointive property: means the property or property interest subject to a power of appointment. See Indiana Code 30-4-10-2
• power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. See Indiana Code 30-4-10-20
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• powerholder: means a person in which a donor creates a power of appointment. See Indiana Code 30-4-10-21