Legislation
SECTION 10-7.1
Creditors of the donee; special power
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 7
§ 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.
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.