Nebraska § 30-4627 Method of release

Nebraska Statutes

§ 30-4627 — Method of release

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

A powerholder of a releasable power of appointment may release the power in whole or in part:

(1)by substantial compliance with a method provided in the terms of the instrument creating the power; or

(2)if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence.

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A powerholder of a releasable power of appointment may release the power in whole or in part:
(1) by substantial compliance with a method provided in the terms of the instrument creating the power; or
(2) if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence.

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