Truly Agreed, 2016

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SS HCS HB 1765, 2016    (New Section - Proposed Language)

456.1035. 1. A powerholder of a general power of appointment that permits appointment to the powerholder or the powerholder's estate may make any appointment, including an appointment in trust or creating a new power of appointment, that the powerholder could make in disposing of the powerholder's own property.
     2. A powerholder of a general power of appointment that permits appointment only to the creditors of the powerholder or of the powerholder's estate may appoint only to those creditors.
     3. The powerholder of a nongeneral power may:
     (1) Make an appointment in any form, including an appointment in trust, in favor of a permissible appointee;
     (2) Create a general power in a permissible appointee; or
     (3) Create a nongeneral power in any person to appoint to one or more of the permissible appointees of the original nongeneral power.


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