Code · Kentucky · Chapter 390 — Uniform powers of appointment act

390.130 Intent to exercise -- After-acquired power.

74 words·~1 min read·/ky/chapter-390/390-130

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:

(1)Except as otherwise provided in subsection

(2)of this section, a blanket-exercise

clause extends to a power acquired by the powerholder after executing the

instrument containing the clause; and

(2)If the powerholder is also the donor of the power, the clause does not extend to the

power unless there is no gift-in-default clause or it is ineffective.