{"data":{"id":"us-ky/krs-390.120","jurisdiction":"us-ky","citation":"KRS 390.120","heading":"Intent to exercise -- Determining intent from residuary clause.","body":"(1) As used in this section:\n(a) \"Residuary clause\" does not include a residuary clause containing a blanket -\nexercise clause or a specific-exercise clause; and\n(b) \"Will\" includes a codicil and a testamentary instrument that revises another\nwill.\n(2) A residua ry clause in a powerholder's will, or a comparable clause in the\npowerholder's revocable trust, manifests the powerholder's intent to exercise a\npower of appointment only if:\n(a) The terms of the instrument containing the residuary clause do not manifest a\ncontrary intent;\n(b) The power is a general power exercisable in favor of the powerholder's estate;\n(c) There is no gift-in-default clause or it is ineffective; and\n(d) The powerholder did not release the power.","path":["KRS Chapter 390"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50120","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:22Z","sha256":"807e299e4575a7e4dab40eaa92afed33dad01d57c8f028eb675552e2aa7e0e92","source_id":"us-ky","stale":false,"prev":"us-ky/krs-390.110","next":"us-ky/krs-390.130"},"notice":"GroundRules: Original legal text. Not legal advice."}