Exception to presumption of unlimited authority

Va. Code Ann. § 64.2-2710, under Chapter 27. Uniform Powers of Appointment Act..

Va. Code Ann. § 64.2-2710

Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:

1. The power is exercisable only at the powerholder's death; and

2. The permissible appointees of the power do not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.