Alaska Statutes Title 13, Chapter 13.38, Article 07 - 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) interest, except interest on taxes described in AS 13.38.810(a)(7);(2) ordinary repairs;(3) real estate and other...
• Sec. 13.38.810 Mandatory Disbursements From Principal.
  (a) A trustee shall make the following disbursements from principal:(1) extraordinary expenses incurred in connection with the administration, management, or preservation of trust property...
• Sec. 13.38.820 Discretionary Allocation of Expenses.
  Subject to AS 13.38.800 and 13.38.810, a trustee may, in the trustee's discretion, allocate to income or principal or partly to each ordinary expenses...
• Sec. 13.38.830 Transfers to Principal for Depreciation.
  (a) A trustee may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation....
• Sec. 13.38.840 Transfers From Income to Reimburse Principal.
  (a) A trustee may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or to provide...
• Sec. 13.38.850 Income Taxes.
  (a) A tax required to be paid by a trustee based on receipts allocated to income shall be paid from income.(b) A tax required...
• Sec. 13.38.860 Adjustments Between Principal and Income Because of Taxes.
  A trustee may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder...

Last modified: November 15, 2016