Nebraska Statutes 30-4616. Appointment to deceased appointee or permissible appointee’s descendant
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(a) Subject to section 30-2343, an appointment to a deceased appointee is ineffective.
Terms Used In Nebraska Statutes 30-4616
- Donor: The person who makes a gift.
(b) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.