Intent to exercise — after-acquired power.

1. Law
2. Missouri Revised Statutes
3. Trusts and Estates of Decedents and Persons Under Disability
4. Trusts and Trustees — The Uniform Trust Code
5. Intent to exercise — after-acquired power.

Effective - 28 Aug 2016

456.1025. Intent to exercise — after-acquired power. — 1. Except as otherwise provided in subsection 2 of this section, a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause.

2. If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.

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(L. 2016 H.B. 1765)

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