Effective - 28 Aug 2016, 2 histories
456.5-508. Creditor claim, appointive property not subject to, when. — 1. Except as provided in sections 456.970 to 456.1135:
(1) Appointive property subject to a general power of appointment exercisable only at the powerholder's death is not subject to the claim of a creditor;
(2) Appointive property subject to a nongeneral power of appointment is not subject to the claim of a creditor.
2. This section shall not limit the ability of a creditor or other claimant to reach a beneficial interest as otherwise provided in sections 456.5-501 to 456.5-507.
3. As used in this section, the terms "appointive property", "general power of appointment", "nongeneral power of appointment", and "claim of a creditor" shall have the same meaning as defined in section 456.975.
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(L. 2011 S.B. 59, A.L. 2016 H.B. 1765)