Alaska § 13.38.340 - Trustee's discretionary powers regarding unitrust.
Full text of Alaska Alaska Statutes § 13.38.340 — Trustee's discretionary powers regarding unitrust., with citation guidance and answers to common questions.
§ 13.38.340. Trustee's discretionary powers regarding unitrust.
The trustee may, in the trustee's discretion, from time to time, determine (1) the effective date of a conversion to a unitrust;
(2) the provisions for prorating a unitrust distribution for a short year in which a beneficiary's right to payments commences or ceases;
(3) the frequency of unitrust distributions during the year;
(4) the effect of other payments from or contributions to the trust on the trust's valuation;
(5) whether to value the trust's assets annually or more frequently;
(6) whether to use a smoothing period of three, four, or five years;
(7) what valuation dates to use;
(8) how frequently to value nonliquid assets and whether to estimate their value;
(9) whether to omit trust property occupied or possessed by a beneficiary from the calculations; and
(10) other matters necessary for the proper functioning of the unitrust.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 13.38.340
What does Alaska Statutes § 13.38.340 cover?
Section 13.38.340 ("Trustee's discretionary powers regarding unitrust.") is part of the Alaska Statutes, the codified statutory law of Alaska. 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 Alaska § 13.38.340?
A common citation format is "Alaska Statutes § 13.38.340" (Alaska). 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 Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 13.38.340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska 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 Alaska.