Alaska Statutes Sec. 34.40.115 - Subjecting Appointed Property to Claims of Donee's Creditor

The property that a donee of a power of appointment is authorized to appoint is not subject to the claims of the creditors of the donee except to the extent that a donee of an inter vivos or testamentary power of appointment

(1) is permitted by the donor of the power to appoint the property to the donee, the creditors of the donee, the donee's estate, or the creditors of the donee's estate; and

(2) effectively exercises the power of appointment in favor of the donee, the creditors of the donee, the donee's estate, or the creditors of the donee's estate.

Section: Previous  34.40.030  34.40.040  34.40.050  34.40.060  34.40.070  34.40.080  34.40.090  34.40.100  34.40.110  34.40.113  34.40.115  34.40.118  34.40.120  34.40.130    Next

Last modified: November 15, 2016