Alaska Statutes 13.36.330 – Penalty clause
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Alaska Statutes 13.36.330
- 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
- Fiduciary: A trustee, executor, or administrator.
- Inter vivos: Transfer of property from one living person to another living person.
- Probable cause: A reasonable ground for belief that the offender violated a specific law.
- Trustee: A person or institution holding and administering property in trust.
A provision in an inter vivos or testamentary trust purporting to penalize a beneficiary by charging the beneficiary’s interest in the trust, or to penalize the beneficiary in another manner, for instituting a proceeding to challenge the acts of the trustee or other fiduciary of a trust, or for instituting other proceedings relating to the trust, is enforceable even if probable cause exists for instituting the proceedings.