{"data":{"id":"us-ak/as-13.38.340","jurisdiction":"us-ak","citation":"AS 13.38.340","heading":"Trustee's discretionary powers regarding unitrust.","body":"The trustee may, in the trustee's discretion, from time to time, determine\n(1) the effective date of a conversion to a unitrust;\n(2) the provisions for prorating a unitrust distribution for a short year in which a beneficiary's right to payments commences or ceases;\n(3) the frequency of unitrust distributions during the year;\n(4) the effect of other payments from or contributions to the trust on the trust's valuation;\n(5) whether to value the trust's assets annually or more frequently;\n(6) whether to use a smoothing period of three, four, or five years;\n(7) what valuation dates to use;\n(8) how frequently to value nonliquid assets and whether to estimate their value;\n(9) whether to omit trust property occupied or possessed by a beneficiary from the calculations; and\n(10) other matters necessary for the proper functioning of the unitrust.","path":["Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions.","Chapter 38. Alaska Principal and Income Act.","Article 2. Unitrusts."],"source_url":"https://www.akleg.gov/basis/statutes.asp#13.38.340","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:54Z","sha256":"1624dc80eb03245852fe488612e006899c63aab632a9a5f3fa6190d23612f24f","source_id":"us-ak","stale":false,"prev":"us-ak/as-13.38.330","next":"us-ak/as-13.38.350"},"notice":"GroundRules: Original legal text. Not legal advice."}