In Alaska Stat. § 13.26.600 – 13.26.695,

(1) “benefits from government programs or civil or military service” means a benefit, a program, or assistance provided under a statute or regulation, including social security, Medicare, and Medicaid;

Terms Used In Alaska Statutes 13.26.695

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Statute: A law passed by a legislature.
(2) “good faith” means honesty in fact;
(3) “incapacity” means inability of an individual to manage property or business affairs because the individual

(A) has an impairment in the ability to receive and evaluate information or make or communicate decisions even with the use of technological assistance; or
(B) is

(i) missing;
(ii) detained, including incarcerated in a penal system; or
(iii) outside the United States and unable to return;
(4) “retirement plan” means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation of which the principal is a participant, beneficiary, or owner, including a plan or account under the following sections of 26 U.S.C. (Internal Revenue Code):

(A) an individual retirement account under 26 U.S.C. § 408 (Internal Revenue Code), as amended;
(B) a Roth IRA under 26 U.S.C. § 408A (Internal Revenue Code), as amended;
(C) an individual retirement account under 26 U.S.C. § 408(q) (Internal Revenue Code), as amended;
(D) an annuity or custodial account under 26 U.S.C. § 403(b) (Internal Revenue Code), as amended;
(E) a pension, profit-sharing, stock bonus, or other retirement plan qualified under 26 U.S.C. § 401(a) (Internal Revenue Code), as amended;
(F) a plan under 26 U.S.C. § 457(b) (Internal Revenue Code), as amended; and
(G) a nonqualified deferred compensation plan under 26 U.S.C. § 409A (Internal Revenue Code), as amended.
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