(a) If a claim that will become due at a future time or a contingent or unliquidated claim becomes due or certain before the distribution of the estate, and if the claim has been allowed or established by a proceeding, it is paid in the same manner as presently due and absolute claims of the same class.
(b) In other cases the personal representative or, on petition of the personal representative or the claimant in a special proceeding for the purpose, the court may provide for payment as follows:
(1) if the claimant consents, the claimant may be paid the present or agreed value of the claim, taking any uncertainty into account;
(2) arrangement for future payment, or possible payment, on the happening of the contingency or on liquidation may be made by creating a trust, giving a mortgage, obtaining a bond or security from a distributee, or otherwise.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 16. Probate of Wills and Administration
Sec. 13.16.450. Notice to creditors.
Sec. 13.16.455. Statutes of limitations.
Sec. 13.16.460. Limitations on presentation of claims.
Sec. 13.16.465. Manner of presentation of claims.
Sec. 13.16.470. Priority of claim payment and preference.
Sec. 13.16.475. Allowance of claims.
Sec. 13.16.480. Payment of claims.
Sec. 13.16.485. Individual liability of personal representative.
Sec. 13.16.490. Secured claims.
Sec. 13.16.495. Claims not due and contingent or unliquidated claims.
Sec. 13.16.500. Counterclaims.
Sec. 13.16.505. Execution and levies prohibited.
Sec. 13.16.510. Compromise of claims.
Sec. 13.16.515. Encumbered assets.
Sec. 13.16.520. Administration in more than one state; duty of personal representative.
Sec. 13.16.525. Final distribution to domiciliary representative.