760 ILCS 3/1312

Current through Public Act 103-1052

Section 760 ILCS 3/1312 - Intent to exercise: after-acquired power

Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:

(1) except as otherwise provided in paragraph (2), a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and

(2) if the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or it is ineffective.

760 ILCS 3/1312

Added by P.A. 101-0048,§ 1312, eff. 1/1/2020.