Alaska § 13.38.550 - When right to income begins and ends.
Full text of Alaska Alaska Statutes § 13.38.550 — When right to income begins and ends., with citation guidance and answers to common questions.
§ 13.38.550. When right to income begins and ends.
(a) An income beneficiary is entitled to net income from the date on which the income interest begins. An income interest begins (1) on the date specified in the governing instrument; or
(2) if a date is not specified, on the date an asset becomes subject to a trust or successive income interest.
(b) An asset becomes subject to a trust on the date (1) it is transferred to the trust, in the case of an asset that is transferred to a trust during the transferor's life;
(2) of a testator's death, in the case of an asset that becomes subject to a trust by reason of a will, even if there is an intervening period of administration of the testator's estate; or
(3) of an individual's death, in the case of an asset that is transferred to a fiduciary by a third party because of the individual's death.
(c) An asset becomes subject to a successive income interest on the day after the preceding income interest ends, as determined under (d) of this section, even if there is an intervening period of administration to wind up the preceding income interest.
(d) An income interest ends on (1) the day before an income beneficiary dies or another terminating event occurs; or
(2) the last day of a period during which there is not a beneficiary to whom a trustee may distribute income.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 13.38.550
What does Alaska Statutes § 13.38.550 cover?
Section 13.38.550 ("When right to income begins and ends.") 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 § 13.38.550?
A common citation format is "Alaska Statutes § 13.38.550" (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 § 13.38.550 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.