Iowa Code 633A.3105 – Rights of and claims against holder of general power of appointment
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1. The holder of a presently exercisable general power of appointment over trust property has the rights of a holder of the power to revoke a trust under section 633A.3103 to the extent of the property subject to the power.
Terms Used In Iowa Code 633A.3105
- property: includes personal and real property. See Iowa Code 4.1
2. Property in trust subject to a presently exercisable general power of appointment is chargeable with the debts of the holder and charges of the holder’s estate to the same extent as if the holder was a settlor and the power of appointment was a power of revocation.