                                 CODE OF VIRGINIA

POWER TO WITHDRAW (§ 64.2-2737)

A. For purposes of this article, and except as otherwise provided in subsection
B, a power to withdraw property from a trust is treated, during the time the
power may be exercised, as a presently exercisable general power of appointment
to the extent of the property subject to the power to withdraw.

B. On the lapse, release, or waiver of a power to withdraw property from a
trust, the power is treated as a presently exercisable general power of
appointment only to the extent that the value of the property affected by the
lapse, release, or waiver exceeds the greater of the amount specified in 26
U.S.C. &#xA7; 2041(b)(2) and 26 U.S.C. &#xA7; 2514(e) or two times the amount
specified in 26 U.S.C. &#xA7; 2503(b), as amended.

HISTORY: 2016, c. 266.