New York Estates, Powers & Trusts Section 10-7.1 - Creditors Of The Donee; Special Power

10-7.1 Creditors of the donee; special power

Property covered by a special power of appointment (or a general power of appointment that is exercisable solely for the support, maintenance, health and education of the donee within the meaning of sections 2041 and 2514 of the Internal Revenue Code) is not subject to the payment of the claims of creditors of the donee, his estate or the expenses of administering his estate.

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Last modified: September 11, 2016