Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 38. Principal and Income of Trusts
Section 360. Court Orders Regarding Unitrust.
previous: Section 350. Unitrust Deductions and Distributions.
next: Section 370. Effects of Conversion.

AS 13.38.360. Court Orders Regarding Unitrust.

The trustee or, if the trustee declines to petition the court, a beneficiary may petition the court to

(1) select a payout percentage different than four percent;

(2) provide for a distribution of net income, as would be determined if the trust were not a unitrust, in excess of the unitrust distribution if the distribution is necessary to preserve a tax benefit;

(3) average the valuation of the trust's net assets over a period other than three years.

All content © 2008 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.