Section 13.46.040. Transfer authorized by will or trust.

   (a) A personal representative or trustee may make an irrevocable transfer under AS 13.46.080 to a custodian for the benefit of a minor as authorized in the governing will or trust.
   (b) If the testator or settlor has nominated a custodian under AS 13.46.020 to receive the custodial property, the transfer must be made to that person.
   (c) If the testator or settlor has not nominated a custodian under AS 13.46.020, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind under AS 13.46.080(a).

Authorities

13.46.060;13.46.195

Notes

References

AS 13.46.060 Transfer by obligor.
AS 13.46.195 Changing the time for transfer of custodial property.

History

(Sec. 2 ch 11 SLA 1990)