702.201 Creation of power of appointment.
162 words·~1 min read·
/wi/chapter-702/702-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
702.201 Creation of power of appointment.
(1)A power of appointment is created only if the instrument creating the power satisfies all of the following:
(a)The instrument is valid under applicable law.
(b)Except as provided in sub.
(2), the instrument governs the disposition of the appointive property.
(c)The terms of the instrument manifest the donor’s intent to create in a powerholder a power of appointment over the appointive property exercisable in favor of a permissible appointee.
(2)Subsection
(b)does not apply to a power of appointment that is created by the exercise of a power of appointment.
(3)A power of appointment may not be created in a deceased individual.
(4)A power of appointment may be created in an unborn or unascertained powerholder.
702.201 Note NOTE: The above annotation relates to powers of appointment under former ch. 702, 1997 stats., prior to the repeal and recreation of this chapter by 2023 Wis. Act 127 .