designate
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 383 U.S. 627 - United States v. O'MALLEY · 1966Most cited · 203 citing opinions
The power to distribute trust income to the income beneficiaries or to accumulate it and add it to the principal, thereby denying to the beneficiaries the privilege of immediate enjoyment and conditioning their eventual enjoyment upon surviving the termination of the trust, is of sufficient substance to be deemed the power to 'designate' within the meaning of § 811(c)(1)(B)(ii).