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2019 Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries
Chapter 27 - Uniform Powers of Appointment Act
§ 64.2-2715. Intent to exercise; after-acquired power
Universal Citation: VA Code § 64.2-2715 (2019)
Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:
1. Except as otherwise provided in subdivision 2, a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and
2. If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.
2016, c. 266.
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