§ 456.1035 — Permissible appointment.

Missouri § 456.1035

• Jurisdiction: Missouri
• Title XXXI: TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY
• Ch. 456: Trusts and Trustees — The Uniform Trust Code

Text

1.  A powerholder of a general power of appointment that permits appointment to the powerholder or the powerholder's estate may make any appointment, including an appointment in trust or creating a new power of appointment, that the powerholder could make in disposing of the powerholder's own property.

2.  A powerholder of a general power of appointment that permits appointment only to the creditors of the powerholder or of the powerholder's estate may appoint only to those creditors.

3.  The powerholder of a nongeneral power may:

(1)  Make an appointment in any form, including an appointment in trust, in favor of a permissible appointee;

(2)  Create a general power or nongeneral power in a permissible appointee; or

(3)  Create a nongeneral power in any person to appoint to one or more of the permissible appointees of the original nongeneral power.

Legislative History

(L. 2016 H.B. 1765, A.L. 2018 H.B. 1250)