A powerholder may not transfer a power of appointment. If the powerholder dies without exercising or releasing the power, the power lapses.
KRS 390.060
Nontransferability
Known as the Uniform Powers of Appointment Act
The act spans §§ 390–390 (37 sections).
Effective: July 15, 2020 History: Created 2020 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.