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- Alaska Statutes.
- Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
- Chapter 16. Probate of Wills and Administration
- Section 495. Claims Not Due and Contingent or Unliquidated Claims.
previous: Section 490
. Secured Claims.
next: Section 500
AS 13.16.495. Claims Not Due and Contingent or Unliquidated Claims.
- (a) If a claim which will become due at a future time or a contingent or unliquidated claim becomes due or certain before
the distribution of the estate, and if the claim has been allowed or established by a proceeding, it is paid in the
same manner as presently due and absolute claims of the same class.
- (b) In other cases the personal representative or, on petition of the personal representative or the claimant in a special
proceeding for the purpose, the court may provide for payment as follows:
- (1) if the claimant consents, the claimant may be paid the present or agreed value of the claim, taking any uncertainty
- (2) arrangement for future payment, or possible payment, on the happening of the contingency or on liquidation may be made
by creating a trust, giving a mortgage, obtaining a bond or security from a distributee, or otherwise.
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