Transfer by gift or exercise of power of appointment · as in force on May 31, 2026
§ 7-6.4 Transfer by gift or exercise of power of appointment
A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to 7-6.9.
A person may create custodial property for a minor by an irrevocable gift or irrevocable exercise of a power of appointment in favor of a custodian under § 7-6.9. ★
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 3 — The Surrogate's Court: Court Rules & the EPTL; Volume 5 — Your Career: Surrogate's Court in Plain English.