Section 7780.14 - Exclusions - udta 5This subchapter does not apply to:
(1) A power of appointment.(2) A power held by the settlor or a beneficiary of a trust to appoint or remove a trustee or a trust director unless the terms of the trust provide that the power is exercisable by the settlor or beneficiary acting as a trust director.(3) A settlor's power over a trust to the extent the settlor may revoke the trust.(4) A power of a beneficiary over a trust to the extent the exercise or nonexercise of the power affects the beneficial interest of:(ii) another beneficiary who is represented by the beneficiary under Subchapter C (relating to representation) with respect to the exercise or nonexercise of the power.(5) A power over a trust that must be held in a nonfiduciary capacity to achieve the settlor's tax objectives under 26 U.S.C. (relating to Internal Revenue Code), as amended, and regulations issued thereunder, as amended.Added by P.L. (number not assigned at time of publication) 2024 No. 64,§ 7, eff. 10/14/2024.