Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.
Effective: July 15, 2020

Terms Used In Kentucky Statutes 390.220

  • Instrument: means a writing. See Kentucky Statutes 390.020
  • Powerholder: means a person in whom a donor creates a power of appointment. See Kentucky Statutes 390.020
  • Taker in default of appointment: means a person who takes part or all of the appointive property to the extent the powerholder does not effectively exercise the power of appointment. See Kentucky Statutes 390.020

History: Created 2020 Ky. Acts ch. 41, sec. 21, effective July 15, 2020.

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