Alaska Statutes 13.38.680 – Insubstantial allocations not required
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If a trustee determines that an allocation between principal and income required by Alaska Stat. § 13.38.690, 13.38.700, 13.38.710, 13.38.720, or 13.38.750 is insubstantial, the trustee may allocate the entire amount to principal unless one of the circumstances described in Alaska Stat. § 13.38.210(c) applies to the allocation. This power may be exercised by a co-trustee in the circumstances described in Alaska Stat. § 13.38.210(d) and may be released for the reasons and in the manner described in Alaska Stat. § 13.38.210(e). An allocation is presumed to be insubstantial if
Terms Used In Alaska Statutes 13.38.680
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.