Code of Virginia (Last Updated:July 28, 2020) |
TITLE 64.2. Wills, Trusts, and Fiduciaries |
SUBTITLE V. Provisions Applicable to Probate and Nonprobate Transfers |
CHAPTER 27. Uniform Powers of Appointment Act |
ARTICLE 1. General Provisions |
SECTION 64.2-2705. Governing law |
Unless the terms of the instrument creating a power of appointment manifest a contrary intent: 1. The creating, revocation, or amendment of the power is governed by the law of the donor's domicile at the relevant time; and 2. The exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, release, or disclaimer of the power is governed by the law of the powerholder's domicile at the relevant time. 2016, c. 266 . |