(760 ILCS 3/1307) Sec. 1307. Exception to presumption of unlimited authority. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
(1) the power is exercisable only at the
powerholder's death; and
(2) the permissible appointees of the power are a
defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.