Va. Code § 64.2-2710

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-2710 - 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 do not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

Va. Code § 64.2-2710

2016, c. 266.

Added by Acts 2016 c. 266, § 1, eff. 7/1/2016.