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

390.330 Creditor claim -- General power not created by powerholder.

86 words·~1 min read·/ky/chapter-390/390-330

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

(1)Appointive property subject to a general power of appointment created by a person

other than the powerholder is not subject to a claim of a creditor of the powerholder

or the powerholder's estate.

(2)A power of appointment created by a person other than the powerholder which is

subject to an ascertainable standard relating to an individual's health, education,

support, or maintenance within the meaning of 26 U.S.C. sec. 2041(b)(1)(A) or

2514(c)(1), as amended, is treated for purposes of this chapter as a nongeneral

power.