11.95A.430 – Revocation or amendment of release.
RCW 11.95A.430 Revocation or amendment of release. A powerholder may revoke or amend a release of a power of appointment only to the extent that: (1) The instrument of release is revocable by the powerholder; or (2) The powerholder reserves a power of revocation or amendment in the instrument of release. [ 2021 c 140 […]
11.95A.440 – Power to contract—Presently exercisable power of appointment.
RCW 11.95A.440 Power to contract—Presently exercisable power of appointment. A powerholder of a presently exercisable power of appointment may contract: (1) Not to exercise the power; or (2) To exercise the power if the contract when made does not confer a benefit on an impermissible appointee. [ 2021 c 140 § 3405.]
11.95A.450 – Power to contract—Power of appointment not presently exercisable.
RCW 11.95A.450 Power to contract—Power of appointment not presently exercisable. A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder: (1) Is also the donor of the power; and (2) Has reserved the power in a revocable trust. [ […]
11.95A.460 – Remedy for breach of contract to appoint or not to appoint.
RCW 11.95A.460 Remedy for breach of contract to appoint or not to appoint. The remedy for a powerholder’s breach of a contract to appoint or not to appoint appointive property is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract. [ 2021 c 140 § 3407.]
11.95A.400 – Disclaimer.
RCW 11.95A.400 Disclaimer. As provided by chapter 11.86 RCW: (1) A powerholder may disclaim all or part of a power of appointment. (2) A permissible appointee, appointee, or taker in default of appointment may disclaim all or part of an interest in appointive property. [ 2021 c 140 § 3401.]
11.95A.410 – Authority to release.
RCW 11.95A.410 Authority to release. A powerholder may release a power of appointment, in whole or in part, except to the extent the terms of the instrument creating the power prevent the release. [ 2021 c 140 § 3402.]
11.95A.420 – Method of release.
RCW 11.95A.420 Method of release. A powerholder of a releasable power of appointment may release the power in whole or in part: (1) By substantial compliance with a method provided in the terms of the instrument creating the power; or (2) If the terms of the instrument creating the power do not provide a method […]