702.303 Intent to exercise: after-acquired power.
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/wi/chapter-702/702-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
702.303 Intent to exercise: after-acquired power. Unless the terms of the instrument exercising a power of appointment manifest a contrary intent, all of the following apply:
(1)Except as otherwise provided in sub.
(2), a blanket-exercise clause extends to a power of appointment acquired by the powerholder after executing the instrument containing the clause.
(2)If the powerholder is also the donor of the power of appointment, a blanket-exercise clause does not extend to the power of appointment unless there is not a gift-in-default clause or the gift-in-default clause is ineffective.