Alaska § 13.60.050 - Multiple beneficiaries; separate custodial trusts; survivorship.
Full text of Alaska Alaska Statutes § 13.60.050 — Multiple beneficiaries; separate custodial trusts; survivorship., with citation guidance and answers to common questions.
§ 13.60.050. Multiple beneficiaries; separate custodial trusts; survivorship.
(a) Beneficial interests in a custodial trust created for multiple beneficiaries are considered to be separate custodial trusts of equal undivided interests for each beneficiary. Except in a transfer or declaration for use and benefit of a married couple, for whom survivorship is presumed, a right of survivorship does not exist unless the instrument creating the custodial trust specifically provides for survivorship.
(b) Custodial trust property held under this chapter by the same custodial trustee for the use and benefit of the same beneficiary may be administered as a single custodial trust.
(c) A custodial trustee of custodial trust property held for more than one beneficiary shall separately account to each beneficiary under AS 13.60.060 and 13.60.140 for the administration of the custodial trust.
(d) The provisions of (b) of this section do not apply to a custodial trust established under AS 13.12.212 .
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 13.60.050
What does Alaska Statutes § 13.60.050 cover?
Section 13.60.050 ("Multiple beneficiaries; separate custodial trusts; survivorship.") 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 § 13.60.050?
A common citation format is "Alaska Statutes § 13.60.050" (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 § 13.60.050 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.