A provision in an inter vivos or testamentary trust purporting to penalize a beneficiary by charging the beneficiary's interest in the trust, or to penalize the beneficiary in another manner, for instituting a proceeding to challenge the acts of the trustee or other fiduciary of a trust, or for instituting other proceedings relating to the trust, is enforceable even if probable cause exists for instituting the proceedings.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 36. Trust Administration
Article 5. Miscellaneous Provisions.
Sec. 13.36.300. Administration of certain trusts with respect to federal law.
Sec. 13.36.310. Challenges to trusts.
Sec. 13.36.320. Nonqualified persons serving as trustees.
Sec. 13.36.330. Penalty clause.
Sec. 13.36.335. Application of special distribution provisions.
Sec. 13.36.338. Presumption of revocability.
Sec. 13.36.340. Modification and revocation of revocable trusts.
Sec. 13.36.350. Reformation to correct mistakes in irrevocable trusts.
Sec. 13.36.355. Construction or modification of trust to achieve settlor's tax objectives.
Sec. 13.36.360. Modification or termination of irrevocable trust by consent.
Sec. 13.36.365. Uneconomical irrevocable trust.
Sec. 13.36.368. Claims against revocable trusts.
Sec. 13.36.370. Trust protector.