Unless the terms of the instrument exercising a power of appointment manifest a contrary intent: (1) except as otherwise provided in paragraph (2), a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and (2) if the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or it is ineffective. blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and power, the clause does not extend to the power unless there is no gift-in-default clause or it is ineffective.
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