Virginia Decodedhttps://vacode.org37615664.2-2733Power to contract; power of appointment not presently exercisable2026Wills, Trusts, and FiduciariesProvisions Applicable to Probate and Nonprobate TransfersUniform Powers of Appointment ActDisclaimer or Release; Contract to Appoint or Not to Appoint

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.

2016, c. 266.