If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned and appointive property shall be allocated in the permissible manner that best carries out the powerholder’s intent.
Effective: July 15, 2020

Terms Used In Kentucky Statutes 390.180

  • Appointive property: means the property or property interest subject to a power of appointment. See Kentucky Statutes 390.020
  • Power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. See Kentucky Statutes 390.020
  • Powerholder: means a person in whom a donor creates a power of appointment. See Kentucky Statutes 390.020

History: Created 2020 Ky. Acts ch. 41, sec. 17, effective July 15, 2020.

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