390.080 Exception to presumption of unlimited authority. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if: (1) The power is exercisable only at the powerholder's death; and (2) The permissible appointees of the power are a defined and limit ed class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 41, sec. 7, effective July 15, 2020.
Kentucky Legal Code