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.
The Legislature website will be intermittently unavailable from 7 AM to 7 PM, Saturday, September 19 for scheduled maintenance. We apologize for the inconvenience.