Wisconsin Statutes 702.204 – Exception to presumption of unlimited authority
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Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is a nongeneral power of appointment if all of the following apply:
Terms Used In Wisconsin Statutes 702.204
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
(1) The power is exercisable only at the powerholder’s death.
(2) The permissible appointees of the power are a defined and limited class that does not include the powerholder’s estate, the powerholder’s creditors, or the creditors of the powerholder’s estate.