Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 38. Principal and Income of Trusts
Section 340. Discretion of Trustee Regarding Conversion.
previous: Section 330. Directions After Conversion.
next: Section 350. Unitrust Deductions and Distributions.

AS 13.38.340. Discretion of Trustee Regarding Conversion.

The trustee may, in the trustee's discretion, from time to time, determine

(1) the effective date of a conversion to a unitrust;

(2) the provisions for prorating a unitrust distribution for a short year in which a beneficiary's right to payments commences or ceases;

(3) the frequency of unitrust distributions during the year;

(4) the effect of other payments from or contributions to the trust on the trust's valuation;

(5) whether to value the trust's assets annually or more frequently;

(6) what valuation dates to use;

(7) how frequently to value nonliquid assets and whether to estimate their value;

(8) whether to omit trust property occupied or possessed by a beneficiary from the calculations; and

(9) other matters necessary for the proper functioning of the unitrust.

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