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Alaska Statutes.
Title 13. Estates, Guardianships, Transfers, Trusts.
Chapter 38. Principal and Income of Trusts
Section 350. Unitrust Deductions and Distributions.
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AS 13.38.350. Unitrust Deductions and Distributions.

(a) Expenses that would be deducted from income if the trust were not a unitrust may not be deducted from the unitrust distribution.

(b) Unless otherwise provided by the governing instrument, a unitrust distribution shall be considered to have been paid from net income as net income would be determined if the trust were not a unitrust. To the extent net income is insufficient, the unitrust distribution shall be considered to have been paid from net realized short-term capital gains. To the extent income and net realized short-term capital gains are insufficient, the unitrust distribution shall be considered to have been paid from net realized long-term capital gains. To the extent income and net realized short-term and long-term capital gains are insufficient, the unitrust distribution shall be paid from the principal of the trust.


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Last modified 9/3/2005