Alaska Statutes Title 13, Chapter 13.38, Article 06 - 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 shall allocate to income money received from an entity, including reinvested cash dividends.(b) A...
• Sec. 13.38.610 Distribution From Trust or Estate.
  (a) A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the...
• Sec. 13.38.620 Business and Other Activities Conducted by Trustee.
  (a) If a trustee that conducts a business or other activity determines that it is in the best interest of all the beneficiaries to...
• Sec. 13.38.630 Principal Receipts.
  A trustee shall allocate to principal any of the following:(1) to the extent not allocated to income under this chapter, assets received from(A) a...
• Sec. 13.38.640 Rental Property.
  (a) To the extent that a trustee accounts for receipts from rental property under this section, the trustee shall allocate an amount received as...
• Sec. 13.38.650 Obligation to Pay Money.
  (a) An amount received as interest, whether determined at a fixed, variable, or floating rate, on an obligation to pay money to the trustee,...
• Sec. 13.38.660 Insurance Policies and Similar Contracts.
  (a) Except as otherwise provided in (b) or (c) of this section, a trustee shall allocate to principal the proceeds of a life insurance...
• Sec. 13.38.670 Special Rules for Charitable Remainder Unitrusts.
  Notwithstanding the other provisions of this chapter, if a charitable remainder unitrust, as defined in 26 U.S.C. 664 (Internal Revenue Code), owns an obligation...
• Sec. 13.38.680 Insubstantial Allocations Not Required.
  If a trustee determines that an allocation between principal and income required by AS 13.38.690 , 13.38.700, 13.38.710, 13.38.720, or 13.38.750 is insubstantial, the...
• 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 of a payment that equals the greater of the following:(A) the portion that the payor...
• Sec. 13.38.700 Liquidating Assets.
  (a) A trustee shall allocate 10 percent of the receipts from a liquidating asset to income and the balance to principal.(b) In this section,...
• Sec. 13.38.710 Minerals, Water, and Other Natural Resources.
  (a) To the extent that a trustee accounts for receipts from an interest in minerals or other natural resources under this section, the trustee...
• Sec. 13.38.720 Timber.
  (a) To the extent that a trustee accounts for receipts from the sale of timber and related products under this section, the trustee shall...
• Sec. 13.38.730 Property Not Productive of Income; Marital Deduction.
  (a) If a federal estate or gift tax marital deduction is allowed for all or part of a trust whose income is required to...
• Sec. 13.38.740 Derivatives and Options.
  (a) To the extent that a trustee does not account under AS 13.38.620 for transactions in derivatives, the trustee shall allocate receipts from and...
• Sec. 13.38.750 Asset-Backed Securities.
  (a) If a trust receives a payment from interest or other current return and from other proceeds of the collateral financial assets, the trustee...

Last modified: November 15, 2016