There is a newer version
of
the New York Laws
2021 New York Laws
EPT - Estates, Powers and Trusts
Article 10 - Powers
Part 4 - Creation of a Power of Appointment
10-4.1 - Rules for Creation of a Power of Appointment.
Universal Citation: NY Est Pow & Trusts L § 10-4.1 (2021)
§ 10-4.1 Rules for creation of a power of appointment.(a) The donor of a power of appointment:
(1) Must be a person capable of transferring the appointive property.
(2) Must have created or reserved the power by a written instrument executed by him in the manner required by law.
(3) Must manifest his intention to confer the power on a person capable of holding the appointive property.
(4) Cannot nullify or alter the rights of creditors of the donee, as defined in this article, by any language in the instrument creating or reserving the power purporting to give the interest of such donee a spendthrift character.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
