Uniform Powers of Appointment Act

Uniform Powers of Appointment Act

Powers of Appointment are routinely included in trusts drafted throughout the United States, but there is little statutory law governing their use.  Instead, estate-planning attorneys rely on a patchwork of common-law decisions.  The Uniform Powers of Appointment Act codifies the law on powers of appointment, relying heavily on the Restatement (Third) of Property: Wills and Other Donative Transfers, published in 2011 by the American Law Institute.  Therefore, estate planners will already be familiar with the provisions of this uniform act.

Submitted as:

Colorado
HB 1353
Status: Signed into law on May 15, 2014. 

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