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Alaska Statutes Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions § 13.38.410. Release of power to convert to unitrust

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) A trustee may release the power conferred by AS 13.38.300 to convert to a unitrust if the trustee

(1) is uncertain about whether possessing or exercising the power will cause a result described in AS 13.38.380(a)(3), (4), or (5); or

(2) determines that possessing or exercising the power will or may deprive the trust of a tax benefit or impose a tax burden not described in AS 13.38.380.

(b) The release of a power under (a) of this section may be permanent or for a specified period, including a period measured by the life of an individual.

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Cite this article: FindLaw.com - Alaska Statutes Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions § 13.38.410. Release of power to convert to unitrust - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-13-decedents-estates-guardianships-transfers-trusts-and-health-care-decisions/ak-st-sect-13-38-410/

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