§ 19-1704.06

D.C. Code § 19-1704.06

Power to contract: power of appointment not presently exercisable.

Effective Mar 7, 2025Mar. 7, 2025, D.C. Law 25-265, § 2(b)

(a) A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:
1. (1) Is also the donor of the power; and
2. (2) Has reserved the power in a revocable trust.

Mar. 7, 2025, D.C. Law 25-265, § 2(b)