Section 13.38.820. Discretionary allocation of expenses.

Latest version.

Subject to AS 13.38.800 and 13.38.810, a trustee may, in the trustee's discretion, allocate to income or principal or partly to each ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including the compensation of the trustee and of a person providing investment advisory, custodial, or income tax return preparation services to the trustee.

Notes

History

(Sec. 2 ch 145 SLA 2003)

                    
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