If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property shall be allocated in the permissible manner in accordance with the terms of the creating instrument and that best carries out the powerholder’s intent.
(Added by Stats. 2016, Ch. 81, Sec. 21. (AB 2846) Effective January 1, 2017.)
Last modified: October 25, 2018