New York § 10-7.4 Creditors of the donee; general power not presently exercisable

New York Statutes

§ 10-7.4 — Creditors of the donee; general power not presently exercisable

New York § 10-7.4

Law EPTEstates, Powers & Trusts

Part 7Rights of Creditors In Appointive Property

Art. 10Powers

This text of New York § 10-7.4 (Creditors of the donee; general power not presently exercisable) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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N.Y. Estates, Powers & Trusts § 10-7.4 (2026).

Text

§ 10-7.4 Creditors of the donee; general power not presently exercisable\n  (a) Property covered by a general power of appointment which, when\ncreated, is not presently exercisable is subject to the payment of the\nclaims of creditors of the donee, his estate and the expenses of\nadministering his estate, only:\n  (1) If the power was created by the donee in favor of himself; or\n  (2) If a postponed power becomes exercisable in accordance with the\nterms of the creating instrument, except in the case of a testamentary\ngeneral power.\n

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§ 10-7.4 Creditors of the donee; general power not presently exercisable\n (a) Property covered by a general power of appointment which, when\ncreated, is not presently exercisable is subject to the payment of the\nclaims of creditors of the donee, his estate and the expenses of\nadministering his estate, only:\n (1) If the power was created by the donee in favor of himself; or\n (2) If a postponed power becomes exercisable in accordance with the\nterms of the creating instrument, except in the case of a testamentary\ngeneral power.\n