11.95.100 - Exercise of power in favor of holder--Limitations. - Washington Statutes

Exercise of power in favor of holder — Limitations.

If the standard governing the exercise of a lifetime or a testamentary power of appointment does not clearly indicate that a broader or more restrictive power of appointment is intended, the holder of the power of appointment may exercise it in his or her favor only for his or her health, education, support, or maintenance as described in section 2041 or 2514 of the Internal Revenue Code and the applicable regulations adopted under the section.

[1993 c 339 § 7.]

Notes: Severability -- 1993 c 339: See note following RCW 11.98.200.