"Presently exercisable power of appointment" defined.

1. Law
2. Nevada Revised Statutes
3. Powers of Appointment (Uniform Act)
4. "Presently exercisable power of appointment" defined.

"Presently exercisable power of appointment" means a power of appointment exercisable by the powerholder at the relevant time. The term:

1. Includes a power of appointment not exercisable until the occurrence of a specified event, the satisfaction of an ascertainable standard or the passage of a specified time only after:

(a) The occurrence of the specified event;

(b) The satisfaction of the ascertainable standard; or

(c) The passage of the specified time; and

2. Does not include a power exercisable only at the powerholder’s death.

(Added to NRS by 2017, 1373)

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