A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder: (1) is also the donor of the power; and (2) has reserved the power in a revocable trust.
Neb. Rev. Stat. § 30-4630
Power to contract: Power of appointment not presently exercisable
Laws 2021, LB501, § 53.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.