Exercise Of Power Of Appointment.
This is Article 3 of the Code of Virginia, titled “Exercise Of Power Of Appointment..” It is part of Title 64.2, titled “Wills, Trusts, And Fiduciaries.” It is part of Subtitle V, titled “Provisions Applicable To Probate And Nonprobate Transfers..” It is part of Chapter 27, titled “Uniform Powers Of Appointment Act.” It’s comprised of the following 14 sections.
- § 64.2-2713
- Requisites for exercise of power of appointment
- § 64.2-2714
- Intent to exercise; determining intent from residuary clause
- § 64.2-2715
- Intent to exercise; after-acquired power
- § 64.2-2716
- Substantial compliance with donor-imposed formal requirement
- § 64.2-2717
- Permissible appointment
- § 64.2-2718
- Appointment to deceased appointee
- § 64.2-2719
- Impermissible appointment
- § 64.2-2720
- Selective allocation doctrine
- § 64.2-2721
- Capture doctrine; disposition of ineffectively appointed property under general power
- § 64.2-2722
- Disposition of unappointed property under released or unexercised general power
- § 64.2-2723
- Disposition of unappointed property under released or unexercised nongeneral power
- § 64.2-2724
- Disposition of unappointed property if partial appointment to taker in default
- § 64.2-2725
- Appointment to taker in default
- § 64.2-2726
- Powerholder's authority to revoke or amend exercise