702.204 Exception to presumption of unlimited authority.
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/wi/chapter-702/702-204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
702.204 Exception to presumption of unlimited authority. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is a nongeneral power of appointment if all of the following apply:
(1)The power is exercisable only at the powerholder’s death.
(2)The permissible appointees of the power are a defined and limited class that does not include the powerholder’s estate, the powerholder’s creditors, or the creditors of the powerholder’s estate.