KRS 390.210: Disposition of unappointed property under released or unexercised

nongeneral power.

To the extent a powerholder releases, ineffectively exercises, or fails to exercise a

nongeneral power of appointment:

(1) The gift-in-default clause controls the disposition of the unappointed property; or

(2) If there is no gift -in-default clause or to the extent the clause is ineffective, the

unappointed property:

(a) Passes to the permissible appointees if:

1. The permissible appointees are defined and limited; and

2. The terms of the instrument creating the power do not manifest a

contrary intent; 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.