Alaska Statutes (Last Updated: January 11, 2017) |
Title 13. DECEDENTS' ESTATES, GUARDIANSHIPS, TRANSFERS, TRUSTS, AND HEALTH CARE DECISIONS. |
Chapter 13.36. TRUST ADMINISTRATION. |
Article 13.36.05. MISCELLANEOUS PROVISIONS. |
Section 13.36.355. Construction or modification of trust to achieve settlor's tax objectives.
Latest version.
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(a) The terms of a trust shall be construed to achieve the settlor's tax objectives.
(b) On petition by a trustee, settlor, or beneficiary, a court may modify the terms of an irrevocable trust to achieve the settlor's tax objectives in a manner that does not violate the settlor's probable intent. The court may order that the modification operate retroactively.
Notes
History
(Sec. 2 ch 104 SLA 2000)