                                 CODE OF VIRGINIA

DISCLAIMER OF POWER OF APPOINTMENT OR OTHER POWER NOT HELD IN A FIDUCIARY
CAPACITY (§ 64.2-2607)

If a holder disclaims a power of appointment or other power not held in a
fiduciary capacity, the following rules apply:

1. If the holder has not exercised the power, the disclaimer takes effect as of
the time the instrument creating the power becomes irrevocable.

2. If the holder has exercised the power and the disclaimer is of a power other
than a presently exercisable general power of appointment, the disclaimer takes
effect immediately after the last exercise of the power.

3. The instrument creating the power is construed as if the power expired when
the disclaimer became effective.

HISTORY: 2003, c. 253, § 64.1-196.8; 2012, c. 614.