Wisconsin § 702.504 Creditor claim: nongeneral power of appointment.

Wisconsin Statutes

§ 702.504 — Creditor claim: nongeneral power of appointment.

Wisconsin § 702.504

Ch. 702Uniform powers of appointment act

Subch.subch. V of ch. 702 SUBCHAPTER V

RIGHTS OF POWERHOLDER’S CREDITORS IN APPOINTIVE PROPERTY

This text of Wisconsin § 702.504 (Creditor claim: nongeneral power of appointment.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 702.504 (2026).

Text

702.504 702.504(1) (1) Except as otherwise provided in subs.

(2)and (3) , appointive property subject to a nongeneral power of appointment is exempt from a claim of a creditor of the powerholder or the powerholder’s estate. 702.504(2) (2) Appointive property subject to a nongeneral power of appointment is subject to a claim of a creditor of the powerholder or the powerholder’s estate to the extent that the powerholder owned the property and, reserving the nongeneral power, transferred the property in violation of the law relating to fraudulent conveyances. 702.504(3) (3) For purposes of this subchapter, if the initial gift in default of appointment is to the powerholder or the powerholder’s estate, a nongeneral power of appointment is treated as a general power of appointment.

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702.504
702.504(1) (1) Except as otherwise provided in subs. (2) and (3) , appointive property subject to a nongeneral power of appointment is exempt from a claim of a creditor of the powerholder or the powerholder’s estate.
702.504(2) (2) Appointive property subject to a nongeneral power of appointment is subject to a claim of a creditor of the powerholder or the powerholder’s estate to the extent that the powerholder owned the property and, reserving the nongeneral power, transferred the property in violation of the law relating to fraudulent conveyances.
702.504(3) (3) For purposes of this subchapter, if the initial gift in default of appointment is to the powerholder or the powerholder’s estate, a nongeneral power of appointment is treated as a general power of appointment.