Power to contract: power of appointment not presently exercisable

Wis. Stat. § 702.406, under DISCLAIMER OR RELEASE; CONTRACTTO APPOINT OR NOT TO APPOINT.

Wis. Stat. § 702.406

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. History: 2023 a. 127.