### Question
Can you define what general power of appointment means?


### Answer
**General power of appointment** is defined as the following in *26 U.S.C. § 2514*:

> a power which is exercisable in favor of the individual possessing the power (hereafter in this subsection referred to as the “possessor”), his estate, his creditors, or the creditors of his estate

#### Citation:
  - *26 U.S.C. § 2514*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 12-GIFT TAX > Subchapter B-Transfers**

