(a) A trustee may release the power conferred by Alaska Stat. § 13.38.300 to convert to a unitrust if the trustee

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Terms Used In Alaska Statutes 13.38.410

  • Trustee: A person or institution holding and administering property in trust.
(1) is uncertain about whether possessing or exercising the power will cause a result described in Alaska Stat. § 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 Alaska Stat. § 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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