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Exception to presumption of unlimited authority

KRS 390.080
in effect
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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 limited 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.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50116Fetched: 10/20/2026

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