Except as otherwise provided in the trust instrument,

(1) a trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for

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Terms Used In Alaska Statutes 13.36.078

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Trustee: A person or institution holding and administering property in trust.
(A) expenses that were properly incurred in the administration of the trust; and
(B) expenses that were not properly incurred in the administration of the trust to the extent necessary to prevent unjust enrichment of the trust;
(2) if the trustee advances money for the protection of the trust, the trustee has a lien against trust property to secure reimbursement of the money and payment of reasonable interest on the money.
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