77928664.2-2733Virginia Decodedhttps://vacode.org2016Wills, Trusts, And FiduciariesProvisions Applicable To Probate And Nonprobate Transfers.Uniform Powers Of Appointment ActDisclaimer Or Release; Contract To Appoint Or Not To Appoint.Power to contract; power of appointment not presently exercisable2016, c. 266.http://law.lis.virginia.gov/vacode/64.2-2733//64.2-2733/64.2/V/27/4/64.2-2733

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:section

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Is also the donor of the power; andsection

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Has reserved the power in a revocable trust.section

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