Minnesota § 502.86 - RIGHTS OF CREDITORS IN APPOINTIVE PROPERTY
Full text of Minnesota Minnesota Statutes § 502.86 — RIGHTS OF CREDITORS IN APPOINTIVE PROPERTY, with citation guidance and answers to common questions.
§ 502.86. RIGHTS OF CREDITORS IN APPOINTIVE PROPERTY
Subdivision 1.Special power.
Property that is covered by either a special power of appointment or a general power of appointment that is exercisable solely for the support, maintenance, health, and education of the donee within the meaning of sections 2041 and 2514 of the Internal Revenue Code is not subject to the payment of the claims of creditors of the donee, the donee's estate, or the expenses of administering the donee's estate.
Subd. 2.General power currently exercisable.
Property that is covered by a general power of appointment, other than one exercisable solely for the support, maintenance, health, and education of the donee within the meaning of sections 2041 and 2514 of the Internal Revenue Code, that is presently exercisable, or of a postponed power that has become exercisable, is subject to the payment of the claims of creditors of the donee, the donee's estate, and the expenses of administering the donee's estate, but only to the extent that other property available for the payment of the creditor's claim is insufficient for this payment. It is immaterial whether the donor of the power is the donee or some other person, or whether the donee has or has not purported to exercise the power.
Subd. 3.Power subject to a condition.
A general power of appointment may be created subject to a condition precedent or subsequent, and, until the condition is fulfilled, it is not subject to the provisions of subdivision 2.
Subd. 4.General power not presently exercisable.
Property that is covered by a general power of appointment which, when created, is not presently exercisable, is subject to the payment of the claims of creditors of the donee, the donee's estate, and the expenses of administering the donee's estate only if:
(1) the power was created by the donee in favor of the donee; or
(2) a postponed power becomes exercisable in accordance with the terms of the creating instrument, except in the case of a testamentary general power.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 502.86
What does Minnesota Statutes § 502.86 cover?
Section 502.86 ("RIGHTS OF CREDITORS IN APPOINTIVE PROPERTY") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 502.86?
A common citation format is "Minnesota Statutes § 502.86" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 502.86 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.