Alabama § 19-5-3 - Division of Trust to Which Gst Exemption Allocated into Separate Trusts for Exempt and Nonexempt Property.
Full text of Alabama Code of Alabama § 19-5-3 — Division of Trust to Which Gst Exemption Allocated into Separate Trusts for Exempt and Nonexempt Property., with citation guidance and answers to common questions.
§ 19-5-3. Division of Trust to Which Gst Exemption Allocated into Separate Trusts for Exempt and Nonexempt Property.
When property is held or to be held in a trust which is or would otherwise be partially exempted from the GST due to the allocation to such trust of a GST exemption, a fiduciary is authorized, but not required, to divide the trust into two separate trusts, of equal or unequal value, in order to create one trust entirely exempt from the GST and a second trust entirely subject to the GST. Other terms and provisions of both trusts will remain substantially identical in all respects to the original trust.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 19-5-3
What does Code of Alabama § 19-5-3 cover?
Section 19-5-3 ("Division of Trust to Which Gst Exemption Allocated into Separate Trusts for Exempt and Nonexempt Property.") 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 § 19-5-3?
A common citation format is "Code of Alabama § 19-5-3" (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 § 19-5-3 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.