(760 ILCS 3/1312)
Intent to exercise: after-acquired power.
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.
(Source: P.A. 101-48, eff. 1-1-20