Pennsylvania § 7780.14 - Exclusions - UDTA 5.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7780.14 — Exclusions - UDTA 5., with citation guidance and answers to common questions.
§ 7780.14. Exclusions - UDTA 5.
This subchapter does not apply to:
(1) A power of appointment.
(2) A power held by the settlor or a beneficiary of a trust to appoint or remove a trustee or a trust director unless the terms of the trust provide that the power is exercisable by the settlor or beneficiary acting as a trust director.
(3) A settlor's power over a trust to the extent the settlor may revoke the trust.
(4) A power of a beneficiary over a trust to the extent the exercise or nonexercise of the power affects the beneficial interest of:
(i) the beneficiary; or
(ii) another beneficiary who is represented by the beneficiary under Subchapter C (relating to representation) with respect to the exercise or nonexercise of the power.
(5) A power over a trust that must be held in a nonfiduciary capacity to achieve the settlor's tax objectives under 26 U.S.C. (relating to Internal Revenue Code), as amended, and regulations issued thereunder, as amended.
Frequently Asked Questions About Pennsylvania § 7780.14
What does Pennsylvania Consolidated Statutes § 7780.14 cover?
Section 7780.14 ("Exclusions - UDTA 5.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 7780.14?
A common citation format is "Pennsylvania Consolidated Statutes § 7780.14" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 7780.14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.