When a claim against the estate has been presented in any manner, the personal representative may, if it appears for the best interest of the estate, compromise the claim, whether due or not due, absolute or contingent, liquidated or unliquidated.
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.