{"data":{"id":"us-ak/as-13.36.365","jurisdiction":"us-ak","citation":"AS 13.36.365","heading":"Uneconomical irrevocable trust.","body":"(a) Notwithstanding the other provisions of AS 13.36.338 — 13.36.365, if the value of the property of an irrevocable trust is less than $50,000, the trustee may terminate the trust unless the trust instrument provides otherwise.\n(b) Notwithstanding the other provisions of AS 13.36.338 — 13.36.365 and the terms of the trust, on petition to the superior court by a trustee, settlor, or beneficiary, the court may modify or terminate an irrevocable noncharitable trust, or remove the trustee and appoint a different trustee, if the court determines that the value of the trust property is insufficient to justify the cost of administration.\n(c) Upon termination of a trust under this section, the trustee shall distribute the trust property in accordance with the settlor's probable intent.","path":["Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions.","Chapter 36. Trust Administration.","Article 5. Miscellaneous Provisions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#13.36.365","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:54Z","sha256":"1ceb485b8cc59250187ac992e0fd45395c7e08f3fd92c421d1ac3f56ff626056","source_id":"us-ak","stale":false,"prev":"us-ak/as-13.36.360","next":"us-ak/as-13.36.368"},"notice":"GroundRules: Original legal text. Not legal advice."}