Alaska Statutes 34.40.115 – Subjecting appointed property to claims of donee’s creditor
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The property that a donee of a power of appointment is authorized to appoint is not subject to the claims of the creditors of the donee except to the extent that a donee of an inter vivos or testamentary power of appointment
Terms Used In Alaska Statutes 34.40.115
- Donee: The recipient of a gift.
- Donor: The person who makes a gift.
- Inter vivos: Transfer of property from one living person to another living person.
- property: includes real and personal property. See Alaska Statutes 01.10.060