Subject to AS 13.38.800 and 13.38.810, a trustee may, in the trustee's discretion, allocate to income or principal or partly to each ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including the compensation of the trustee and of a person providing investment advisory, custodial, or income tax return preparation services to the trustee.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 38. Alaska Principal and Income Act
Article 7. Allocation of Disbursements During Administration of Trust.
Sec. 13.38.800. Mandatory disbursements from income.
Sec. 13.38.810. Mandatory disbursements from principal.
Sec. 13.38.820. Discretionary allocation of expenses.
Sec. 13.38.830. Transfers to principal for depreciation.
Sec. 13.38.840. Transfers from income to reimburse principal.
Sec. 13.38.860. Adjustments between principal and income because of taxes.