☰ Revisor of Missouri

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 456

< > Effective - 28 Aug 2016 bottom

  456.1060.  Disposition of unappointed property under released or unexercised general power. — To the extent a powerholder releases or fails to exercise a general power of appointment other than a power to withdraw property from, revoke, or amend a trust, and except as provided in subsection 3 of section 456.995:

  (1)  The gift-in-default clause controls the disposition of the unappointed property; or

  (2)  If there is no gift-in-default clause or to the extent the clause is ineffective:

  (a)  Except as otherwise provided in paragraph (b) of this subdivision, the unappointed property passes to:

  a.  The powerholder if the powerholder is a permissible appointee and living; or

  b.  If the powerholder is an impermissible appointee or deceased, the powerholder's estate if the estate is a permissible appointee; or

  (b)  To the extent the powerholder released the power, or if there is no taker under paragraph (a) of this subdivision, the unappointed property passes under a reversionary interest to the donor or the donor's transferee or successor in interest.

­­--------

(L. 2016 H.B. 1765)


---- end of effective  28 Aug 2016 ----

use this link to bookmark section  456.1060


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House