Wis. Stat. § 702.406

Current through Acts 2023-2024, ch. 272

Section 702.406 - Power to contract: power of appointment not presently exercisable

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if all of the following apply:

(1) The powerholder is also the donor of the power.

(2) The powerholder reserved the power in a revocable trust.

Wis. Stat. § 702.406

Added by Acts 2023 ch, 127,s 118, eff. 3/23/2024.