390.130 Intent to exercise -- After -acquired power. Unless the terms of the instrument exercising a power of appointment manifest a contrary intent: (1) Except as otherwise provided in subsection (2) of this section, a blanket -exercise clause extends to a power acquired by the powerholder after executing th e instrument containing the clause; and (2) If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift -in-default clause or it is ineffective. Effective: July 15, 2020 History: Created 2020 Ky. Acts c h. 41, sec. 12, effective July 15, 2020.
Kentucky Legal Code