Alaska Statutes Title 13, Chapter 13.12, Article 08 - Rules of Construction Applicable to Wills and Other Governing Instruments

• Sec. 13.12.701 Scope.
  In the absence of a finding of a contrary intention, the rules of construction in AS 13.12.701 - 13.12.711 control the construction of a...
• Sec. 13.12.702 Requirement of Survival by 120 Hours.
  (a) For the purposes of AS 13.06 - AS 13.36, except as provided in (d) of this section, an individual who is not established...
• Sec. 13.12.703 Choice of Law As to Meaning and Effect of Governing Instrument.
  (a) The meaning and legal effect of a governing instrument is determined by the local law of the state selected in the governing instrument,...
• Sec. 13.12.704 Power of Appointment; Meaning of Specific Reference Requirement.
  If a governing instrument creating a power of appointment expressly requires that the power be exercised by a reference, an express reference, or a...
• Sec. 13.12.705 Class Gifts; Terms of Relationship.
  (a) Adopted individuals and individuals born out of wedlock, and their respective descendants if appropriate to the class, are included in class gifts and...
• Sec. 13.12.706 Life Insurance; Retirement Plan; Account With Pay on Death Designation; Transfer on Death Registration; Deceased Beneficiary.
  (a) If a beneficiary fails to survive the decedent and is a grandparent, a descendant of a grandparent, or a stepchild of the decedent,...
• Sec. 13.12.707 Survivorship With Respect to Future Interests Under Terms of Trust; Substitute Takers.
  (a) A future interest under the terms of a trust is contingent on the beneficiary's surviving the distribution date. If a beneficiary of a...
• Sec. 13.12.708 Class Gifts to "Descendants," "Issue," or "Heirs of the Body"; Form of Distribution If None Specified.
  If a class gift in favor of "descendants," "issue," or "heirs of the body" does not specify the manner in which the property is...
• Sec. 13.12.709 Distribution by Representation, Per Capita At Each Generation, and Per Stirpes.
  (a) If an applicable statute or a governing instrument calls for property to be distributed "by representation" or "per capita at each generation," the...
• Sec. 13.12.710 Worthier-Title Doctrine Abolished.
  The doctrine of worthier title is abolished as a rule of law and as a rule of construction. Language in a governing instrument describing...
• Sec. 13.12.711 Interests in Heirs and Other Persons.
  If an applicable statute or a governing instrument calls for a present or future distribution to or creates a present or future interest in...
• Sec. 13.12.712 Nonademption of Specific Transfers in Trust.
  (a) Unless the trust provides otherwise, a beneficiary of a trust has a right to property that, by the terms of the trust, is...
• Sec. 13.12.720 Family-Owned Business Deduction.
  (a) If an individual includes a provision in a will, trust document, or beneficiary designation that is designed to reduce federal estate tax liability...

Last modified: November 15, 2016