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Code · Nebraska · Chapter 30 — Decedents' Estates; Protection of Persons and Property

30-4630. Power to contract: Power of appointment not presently exercisable.

44 words·~1 min read·/ne/chapter-30/30-4630

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

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:
(1)is also the donor of the power; and
(2)has reserved the power in a revocable trust.
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