A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder: (1) Is also the donor of the power; and (2) Has reserved the power in a revocable trust.
Power to contract -- Power of appointment not presently exercisable
KRS § 390.300, under UNIFORM POWERS OF APPOINTMENT ACT.
KRS § 390.300