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.
Neb. Rev. Stat. § 30-4630 — under DECEDENTS' ESTATES; PROTECTION OF PERSONS AND PROPERTY.
Neb. Rev. Stat. § 30-4630