Alaska § 13.60.040 - Transfer to custodial trustee by fiduciary, obligor, or other person; facility of payment.
Full text of Alaska Alaska Statutes § 13.60.040 — Transfer to custodial trustee by fiduciary, obligor, or other person; facility of payment., with citation guidance and answers to common questions.
§ 13.60.040. Transfer to custodial trustee by fiduciary, obligor, or other person; facility of payment.
(a) Unless otherwise directed by an instrument designating a custodial trustee under AS 13.60.020 , a person, including a fiduciary other than a custodial trustee, who holds property of or owes a debt to an incapacitated individual not having a conservator, may make a transfer to an adult member of the beneficiary's family or to a trust company as custodial trustee for the use and benefit of the incapacitated individual. If the value of the property or the debt exceeds $20,000, the transfer is not effective unless authorized by the court.
(b) A written acknowledgment of delivery, signed by a custodial trustee, is a sufficient receipt and discharge for property transferred to the custodial trustee under this section.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 13.60.040
What does Alaska Statutes § 13.60.040 cover?
Section 13.60.040 ("Transfer to custodial trustee by fiduciary, obligor, or other person; facility of payment.") 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 § 13.60.040?
A common citation format is "Alaska Statutes § 13.60.040" (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 § 13.60.040 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.