{"data":{"id":"us-ak/as-13.38.610","jurisdiction":"us-ak","citation":"AS 13.38.610","heading":"Distribution from trust or estate.","body":"(a) A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest.\n(b) A trustee shall allocate to principal an amount received as a distribution of principal from a trust or estate in which the trust has an interest other than a purchased interest.\n(c) If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in a trust that is an investment entity to a trustee, AS 13.38.600 or 13.38.750 applies to a receipt from the trust.","path":["Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions.","Chapter 38. Alaska Principal and Income Act.","Article 6. Allocation of Receipts during Administration of Trust."],"source_url":"https://www.akleg.gov/basis/statutes.asp#13.38.610","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:54Z","sha256":"a2198a9065a93c646145b6a6647356eff46bcdce04c05ade72cd002bf0e97925","source_id":"us-ak","stale":false,"prev":"us-ak/as-13.38.600","next":"us-ak/as-13.38.620"},"notice":"GroundRules: Original legal text. Not legal advice."}