If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property shall be allocated in the permissible manner that best carries out the powerholder's intent.
Va. Code Ann. § 64.2-2720
Selective allocation doctrine
Applied in 1 court decision — leading case In re Robert L. McDowell Revocable Trust (2017)
Most recently applied in In re Robert L. McDowell Revocable Trust (May 2017)
2016, c. 266.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.