                                 CODE OF VIRGINIA

INTENT TO EXERCISE; AFTER-ACQUIRED POWER (§ 64.2-2715)

Unless the terms of the instrument exercising a power of appointment manifest a
contrary intent:

1. Except as otherwise provided in subdivision 2, a blanket-exercise clause
extends to a power acquired by the powerholder after executing the instrument
containing the clause; and

2. If the powerholder is also the donor of the power, the clause does not extend
to the power unless there is no gift-in-default clause or the gift-in-default
clause is ineffective.

HISTORY: 2016, c. 266.