A powerholder may not transfer a power of appointment. If the powerholder dies without exercising or releasing the power, the power lapses.
760 ILCS 3/1305
Nontransferability
Known as the Uniform Powers of Appointment Law
The act spans §§ 760-3-1301 to 760-3-1336 (36 sections).
P.A. 101-48, eff. 1-1-20.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.