Ky. Rev. Stat. § 390.270

Current through 2024 Ky. Acts ch. 225

Section 390.270 - Method of release

A powerholder of a releasable power of appointment may release the power in whole or in part:

(1) By substantial compliance with a method provided in the terms of the instrument creating the power; or

(2) If the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence.

KRS 390.270

Added by 2020 Ky. Acts ch. 41,§ 26, eff. 7/14/2020.