KRS 390.190: Capture doctrine -- Disposition of ineffectively appointed property under
Where this section sits in the code
- KRS Chapter 390
general power.
To the extent a powerholder of a general power of appointment, other than a power to
revoke, amend, or withdraw property from a trust, makes an ineffective appointment:
(1) The gift -in-default clause controls the disposition of the ineffectively appointed
property; or
(2) If there is no gift -in-default clause or to the extent the clause is ineffective, the
ineffectively appointed property:
(a) Passes to:
1. The powerholder if the powerholder is a permissible appointee and
living; or
2. If the powerholder is an impermissible appointee or not living, the
powerholder's estate if the estate is a permissible appointee; or
(b) If there is no taker under paragraph (a) of this subsection, passes under a
reversionary interest to the donor or the donor's transferee or successor in
interest.
Collected 2026-09-05T20:59:22Z. Source file · JSON