Current with changes from the 2024 Legislative Session
Section 456.5-508 - Creditor claim, appointive property not subject to, when1. Except as provided in sections 456.970 to 456.1135: (1) Appointive property subject to a general power of appointment exercisable only at the powerholder's death is not subject to the claim of a creditor;(2) Appointive property subject to a nongeneral power of appointment is not subject to the claim of a creditor.2. This section shall not limit the ability of a creditor or other claimant to reach a beneficial interest as otherwise provided in sections 456.5-501 to 456.5-507.3. As used in this section, the terms "appointive property", "general power of appointment", "nongeneral power of appointment", and "claim of a creditor" shall have the same meaning as defined in section 456.975.Amended by 2016 Mo. Laws, HB 1765,s A, eff. 8/28/2016.