AB803,,4949701.0103 (18) “Power of appointment” has the meaning given in s. 702.02 (6) 702.102 (14).

AB803,,5151701.0103 (19m) “Powerholder” has the meaning given in s. 702.102 (15).

AB803,,5353701.0103 (19r) “Presently exercisable power of appointment” has the meaning given in s. 702.102 (16).

AB803,,5555701.0103 (19v) “Presumptive remainder beneficiary” means, without considering the existence or exercise of a power of appointment, other than a power of appointment that has been irrevocably exercised and notice of the exercise has been given to the trustee, a beneficiary that on the date the beneficiary’s qualification is determined, would be any of the following:

AB803,,5656(a) A distributee or permissible distributee of trust income or principal if the interests of any current beneficiary terminated on that date without causing the trust to terminate.

AB803,,5757(b) A distributee or permissible distributee of trust income or principal if the trust terminated on that date.

AB803,,5858(c) If the terms of the trust do not provide for its termination, a distributee or permissible distributee of income or principal of the trust if all the current beneficiaries of the trust were deceased or no longer exist.

AB803,,6060701.0103 (21) (intro.) “Qualified beneficiary” means a beneficiary who that, on the date on which the beneficiary’s qualification is determined, satisfies is any of the following:

AB803,2561Section 25. 701.0103 (21) (a) and (b) of the statutes are repealed and recreated to read:

AB803,,6262701.0103 (21) (a) A current beneficiary.

AB803,,6363(b) A presumptive remainder beneficiary.

AB803,,6565701.0103 (21m) “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

AB803,,6767701.0103 (23) “Settlor” Except as otherwise provided in ss. 701.0113 and 701.1325, “settlor” means a person, including a testator, who creates or contributes property to a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person’s contribution except to the extent another person has the power to revoke the trust or withdraw that portion.

AB803,,6969701.0103 (23m) “Sign” means, with present intent to authenticate or adopt a record, to do any of the following:

AB803,,7070(a) Execute or adopt a tangible symbol.

AB803,,7171(b) Attach to or logically associate with the record an electronic symbol, sound, or process.

AB803,2972Section 29. 701.0103 (24) of the statutes is renumbered 701.0103 (16m) and amended to read:

AB803,,7373701.0103 (16m) “Special “Nongeneral power of appointment” has the meaning given in s. 702.02 (7) 702.102 (11).