Virginia § 64.2-2729 Method of release

Virginia Statutes

§ 64.2-2729 — Method of release

Virginia § 64.2-2729

JurisdictionVirginia

Title 64.2WILLS, TRUSTS, AND FIDUCIARIES

Subtitle VPROVISIONS APPLICABLE TO PROBATE AND NONPROBATE TRANSFERS

Ch. 27UNIFORM POWERS OF APPOINTMENT ACT

Art. 4DISCLAIMER OR RELEASE; CONTRACT TO APPOINT OR NOT TO APPOINT

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Bluebook

Va. Code Ann. § 64.2-2729 (2026).

Text

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.