Alabama § 19-3B-1305 - Trusts Consisting of Insurance Policies or Proceeds.
Full text of Alabama Code of Alabama § 19-3B-1305 — Trusts Consisting of Insurance Policies or Proceeds., with citation guidance and answers to common questions.
§ 19-3B-1305. Trusts Consisting of Insurance Policies or Proceeds.
Trusts consisting solely of policies of life, health, accident, or disability insurance, or of the proceeds or avails thereof, shall for the purpose of determining whether any law against perpetuities or suspension of the power of alienation of title to property is applicable thereto be regarded as created when the liability of the insurer accrues by reason of the occurrence of the event insured against, whether or not a power to revoke the trust as to the policies was reserved during the life of the insured and whether or not any beneficial interest in the policies is alienable by the beneficiaries and whether or not the beneficiary or beneficiaries were in being at the time of the creation of the trust.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 19-3B-1305
What does Code of Alabama § 19-3B-1305 cover?
Section 19-3B-1305 ("Trusts Consisting of Insurance Policies or Proceeds.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 19-3B-1305?
A common citation format is "Code of Alabama § 19-3B-1305" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 19-3B-1305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.