Alaska Statutes Title 13, Chapter 13.36, Article 05 - Miscellaneous Provisions

• Sec. 13.36.300 Administration of Certain Trusts With Respect to Federal Law.
  (a) Except as specified in (b) of this section, in the administration of a trust that is a private foundation, as defined in 26...
• Sec. 13.36.310 Challenges to Trusts.
  (a) Except as provided in AS 34.40.110 (b), a trust that is covered by AS 13.36.035 (c) or that is otherwise governed by the...
• Sec. 13.36.320 Nonqualified Persons Serving As Trustees.
  (a) If at least one qualified person serves as trustee of a trust whose state jurisdiction provision is valid, effective, and conclusive under AS...
• Sec. 13.36.330 Penalty Clause.
  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...
• Sec. 13.36.335 Application of Special Distribution Provisions.
  The asset distribution provisions of AS 13.16.540 - 13.16.545, 13.16.560, and the provisions of AS 13.38 apply to the administration of a revocable trust...
• Sec. 13.36.338 Presumption of Revocability.
  (a) Unless a trust is expressly made irrevocable, a trust executed on or after August 30, 2000 is revocable by the settlor.(b) Notwithstanding AS...
• Sec. 13.36.340 Modification and Revocation of Revocable Trusts.
  (a) A trust that is revocable by the settlor may be modified or revoked in whole or in part by(1) substantial compliance with a...
• Sec. 13.36.345 Modification or Termination of Irrevocable Trusts Because of Unanticipated Circumstances.
  (a) On petition by a trustee, settlor, or beneficiary, a court may modify the administrative or dispositive terms of an irrevocable trust or terminate...
• Sec. 13.36.350 Reformation to Correct Mistakes in Irrevocable Trusts.
  (a) On petition by a trustee, settlor, or beneficiary, a court may reform the terms of an irrevocable trust, even if the trust instrument...
• Sec. 13.36.355 Construction or Modification of Trust to Achieve Settlor's Tax Objectives.
  (a) The terms of a trust shall be construed to achieve the settlor's tax objectives.(b) On petition by a trustee, settlor, or beneficiary, a...
• Sec. 13.36.360 Modification or Termination of Irrevocable Trust by Consent.
  (a) Except as otherwise provided by this section, on petition by a trustee, settlor, or beneficiary, a court may modify or terminate an irrevocable...
• Sec. 13.36.365 Uneconomical Irrevocable Trust.
  (a) Notwithstanding the other provisions of AS 13.36.338 - 13.36.365, if the value of the property of an irrevocable trust is less than $50,000,...
• Sec. 13.36.368 Claims Against Revocable Trusts.
  (a) Whether or not the terms of the trust contain a spendthrift restriction,(1) during the lifetime of the settlor of a revocable trust, the...
• Sec. 13.36.370 Trust Protector.
  (a) A trust instrument may provide for the appointment of a trust protector.(b) A trust protector appointed under (a) of this section has the...
• Sec. 13.36.375 Trustee Advisor.
  (a) A trust instrument may provide for the appointment of a person to act as an advisor to the trustee with regard to all...
• Sec. 13.36.390 Definitions.
  In this chapter,(1) "party in interest" means, if the trust is(A) revocable and if the settlor is incapacitated, the settlor's legal representative under applicable...

Last modified: November 15, 2016