Surviving grantor cannot unilaterally exercise limited power of appointment requiring joint consent

If an irrevocable trust has two grantors and the power of appointment reserves two the grantors, jointly, a power of appointment to change the remainderpersons, then after the death of the grantors, the surviving grantor cannot unilaterally exercise the power of appointment.¹

1. Whitehouse v. Gahn, 922 N.Y.S.2d 546 (App. Div. 2d 2011). ↩