Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 38. Principal and Income of Trusts
Section 410. Release of Power to Convert to Unitrust.
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AS 13.38.410. Release of Power to Convert to Unitrust.

(a) A trustee may release the power conferred by AS 13.38.300 to convert to a unitrust if the trustee

(1) is uncertain about whether possessing or exercising the power will cause a result described in AS 13.38.380 (a)(3), (4), or (5); or

(2) determines that possessing or exercising the power will or may deprive the trust of a tax benefit or impose a tax burden not described in AS 13.38.380 .

(b) The release of a power under (a) of this section may be permanent or for a specified period, including a period measured by the life of an individual.


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