Code of Alabama
Title 19 - Fiduciaries and Trusts.
Chapter 5 - Preclusion or Minimization of Generation-Skipping Tax.

Section 19-5-1 - Definitions. - For purposes of this chapter unless the context otherwise requires,...

Section 19-5-2 - Allocation of GST Exemption. - Unless prohibited by the governing instrument, any person having authority...

Section 19-5-3 - Division of Trust to Which GST Exemption Allocated Into Separate Trusts for Exempt and Nonexempt Property. - When property is held or to be held in a...

Section 19-5-4 - Separate Trusts for Property Transferred, etc., From Another Trust in Order to Preclude or Minimize Gst. - If under the provisions of the governing instrument, property which...

Section 19-5-5 - Division of Trust With More Than One Beneficiary or Class Thereof for GST Purposes Into Separate Share Trusts to Effectuate Allocation of Grantor's, Decedent's, or Surviving Spouse's GST Exemption. - When a grantor or decedent transfers property into a trust...

Section 19-5-6 - Division of Qualified Terminable Interest Property Trust Into Separate Share Trusts to Effectuate Allocation of Grantor's, Decedent's, or Surviving Spouse's GST Exemption; Payment of Estate Taxes. - When a grantor or decedent transfers property into a trust...

Section 19-5-7 - Allocation of Distributions From Separate Trusts. - Distributions provided for by the governing instrument, whether the original...

Section 19-5-8 - Purpose of Chapter. - The purpose of this chapter is to authorize a fiduciary...

Section 19-5-9 - Exercise of Authority by Fiduciary. - A fiduciary may exercise the authority herein granted without prior...

Section 19-5-10 - Fiduciary Not Liable for Acts in Good Faith. - Any fiduciary who in good faith acts or fails to...

Section 19-5-11 - Applicability of Chapter. - This chapter applies to any trust or estate that may...

Section 19-5-12 - Chapter Effective as to Transfers in Trust, etc., on and After January 1, 1987. - This chapter shall be effective with respect to transfers in...