Wash. Rev. Code § 11.95A.130

Current through 2024

Section 11.95A.130 - Presumption of unlimited authority-Exception

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 limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

RCW 11.95A.130

Added by 2021 c 140,§ 3204, eff. 1/1/2022.