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(i) A power so to appoint fully
exercisable in her own favor at any time
following the decedent's death (as, for
example, an unlimited power to invade); or
(ii) A power so to appoint exercisable
in favor of her estate. Such a power, if
exercisable during life, must be fully
exercisable at any time during life, or, if
exercisable by will, must be fully
exercisable irrespective of the time of her
death * * *; or
(iii) A combination of the powers
described under subparagraphs (i) and (ii) of
this subparagraph. * * * However, the
condition that the spouse's power must be
exercisable in all events is not satisfied
unless irrespective of when the surviving
spouse may die the entire interest or a
specific portion of it will at the time of
her death be subject to one power or the
other * * *.
* * * * * * *
(3) A power is not considered to be a power
exercisable by a surviving spouse alone and in all
events * * * if the exercise of the power in the
surviving spouse to appoint the entire interest or a
specific portion of it to herself or to her estate
requires the joinder or consent of any other person.
The power is not "exercisable in all events", if it can
be terminated during the life of the surviving spouse
by any event other than her complete exercise or
release of it. * * *
From this text, we discern that the surviving spouse must have
the ability during life to exercise or release the power of
appointment in all events. A power of appointment that may
terminate upon the happening of an event does not meet this
requirement, unless the event is the voluntary exercise or
release of the power by the surviving spouse. See Eckel v.
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