Ky. Rev. Stat. § 390.080

Current through 2024 Ky. Acts ch. 225

Section 390.080 - Exception to presumption of unlimited authority

Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:

(1) The power is exercisable only at the powerholder's death; and

(2) The permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

KRS 390.080

Added by 2020 Ky. Acts ch. 41,§ 7, eff. 7/14/2020.