Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 38. Alaska Principal and Income Act

Sec. 13.38.430. Power to treat gains as part of distribution of principal. - Unless prohibited by the unitrust's governing instrument or specifically addressed...

Sec. 13.38.435. Definitions. - In AS 13.38.300 - 13.38.435, (1) “smoothing period” means the...

Article 3. Charitable Trust Election.

Sec. 13.38.440. Charitable trust election. - The trustee of a trust held exclusively for charitable purposes...

Sec. 13.38.450. Requirements for making election. - To make an election under AS 13.38.440 - 13.38.490, the...

Sec. 13.38.460. Selection of percentage after charitable trust election. - (a) After a trustee has elected under AS 13.38.440 for...

Sec. 13.38.470. Revocation of charitable trust election. - The trustee may revoke an election to be governed by...

Sec. 13.38.480. Value determination. - For the purposes of applying AS 13.38.440 - 13.38.490, the...

Sec. 13.38.490. Definitions. - In AS 13.38.440 - 13.38.490, except as otherwise expressly stated...

Article 4. Decedent's Estate or Terminating Income Interest.

Sec. 13.38.500. Determination and distribution of net income. - After a decedent dies in the case of an estate,...

Sec. 13.38.510. Distribution to residuary and remainder beneficiaries. - (a) Each beneficiary described in AS 13.38.500(4) is entitled to...

Article 5. Allocation and Payment at Beginning and End of Income Interest.

Sec. 13.38.550. When right to income begins and ends. - (a) An income beneficiary is entitled to net income from...

Sec. 13.38.560. Allocation of receipts and disbursements when decedent dies or income interest begins. - (a) Unless AS 13.38.500(1) applies, a trustee shall allocate an...

Sec. 13.38.570. Payment when income interest ends. - (a) When a mandatory income interest ends, the trustee shall...

Article 6. Allocation of Receipts during Administration of Trust.

Sec. 13.38.600. Allocation of property from entities. - (a) Except as otherwise provided in this section, a trustee...

Sec. 13.38.610. Distribution from trust or estate. - (a) A trustee shall allocate to income an amount received...

Sec. 13.38.620. Business and other activities conducted by trustee. - (a) If a trustee that conducts a business or other...

Sec. 13.38.630. Principal receipts. - A trustee shall allocate to principal any of the following:...

Sec. 13.38.640. Rental property. - (a) To the extent that a trustee accounts for receipts...

Sec. 13.38.650. Obligation to pay money. - (a) An amount received as interest, whether determined at a...

Sec. 13.38.660. Insurance policies and similar contracts. - (a) Except as otherwise provided in (b) or (c) of...

Sec. 13.38.670. Special rules for charitable remainder unitrusts. - Notwithstanding the other provisions of this chapter, if a charitable...

Sec. 13.38.680. Insubstantial allocations not required. - If a trustee determines that an allocation between principal and...

Sec. 13.38.690. Retirement benefits, individual retirement accounts, deferred compensation, annuities, and similar payments. - (a) A trustee shall allocate (1) to income that portion...

Sec. 13.38.700. Liquidating assets. - (a) A trustee shall allocate 10 percent of the receipts...

Sec. 13.38.710. Minerals, water, and other natural resources. - (a) To the extent that a trustee accounts for receipts...

Sec. 13.38.720. Timber. - (a) To the extent that a trustee accounts for receipts...

Sec. 13.38.730. Property not productive of income; marital deduction. - (a) If a federal estate or gift tax marital deduction...

Sec. 13.38.740. Derivatives and options. - (a) To the extent that a trustee does not account...

Sec. 13.38.750. Asset-backed securities. - (a) If a trust receives a payment from interest or...

Article 7. Allocation of Disbursements During Administration of Trust.

Sec. 13.38.800. Mandatory disbursements from income. - A trustee shall make the following disbursements from income: (1)...

Sec. 13.38.810. Mandatory disbursements from principal. - (a) A trustee shall make the following disbursements from principal:...

Sec. 13.38.820. Discretionary allocation of expenses. - Subject to AS 13.38.800 and 13.38.810, a trustee may, in...

Sec. 13.38.830. Transfers to principal for depreciation. - (a) A trustee may transfer to principal a reasonable amount...

Sec. 13.38.840. Transfers from income to reimburse principal. - (a) A trustee may transfer an appropriate amount from income...

Sec. 13.38.850. Income taxes. - (a) A tax required to be paid by a trustee...

Sec. 13.38.860. Adjustments between principal and income because of taxes. - A trustee may make adjustments between principal and income to...

Article 8. General Provisions.

Sec. 13.38.900. Not applicable to mental health trust. - This chapter does not apply to the trust established under...

Sec. 13.38.910. Uniformity of application and construction. - In applying and construing this chapter, consideration shall be given...

Sec. 13.38.980. Definitions. - In this chapter, unless the context clearly indicates otherwise, (1)...

Sec. 13.38.990. Short title. - This chapter may be cited as the Alaska Principal and...

<< Previous

Next >>

Alaska Statutes Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions Chapter 38. Alaska Principal and Income Act

Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 38. Alaska Principal and Income Act