{"data":{"id":"us-ky/krs-390.200","jurisdiction":"us-ky","citation":"KRS 390.200","heading":"Disposition of unappointed property under released or unexercised","body":"general power.\nTo the extent a powerholder releases or fails to exercise a general power of appointment\nother than a power to revoke, amend, or withdraw property from a trust:\n(1) The gift-in-default clause controls the disposition of the unappointed property; or\n(2) If there is no gift-in-default clause or to the extent the clause is ineffective:\n(a) Except as otherwise provided in paragraph (b) of this subsection, the\nunappointed property passes to:\n1. The powerholder if the powerholder is a permissible appointee and\nliving; or\n2. If the powerholder is an impermissible appointee or not living, the\npowerholder's estate if the estate is a permissible appointee; or\n(b) To the extent the powerholder released the power, or if there is no taker under\nparagraph (a) of this subsection, the unappointed property passes under a\nreversionary interest to the donor or the donor's transferee or successor in\ninterest.","path":["KRS Chapter 390"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50128","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:22Z","sha256":"be6570fdaf17e13a5a36ac08fc3e261513bed10ad8e710c522c9b541a5179679","source_id":"us-ky","stale":false,"prev":"us-ky/krs-390.190","next":"us-ky/krs-390.210"},"notice":"GroundRules: Original legal text. Not legal advice."}