{"data":{"id":"us-ak/as-13.60.040","jurisdiction":"us-ak","citation":"AS 13.60.040","heading":"Transfer to custodial trustee by fiduciary, obligor, or other person; facility of payment.","body":"(a) Unless otherwise directed by an instrument designating a custodial trustee under AS 13.60.020, a person, including a fiduciary other than a custodial trustee, who holds property of or owes a debt to an incapacitated individual not having a conservator, may make a transfer to an adult member of the beneficiary's family or to a trust company as custodial trustee for the use and benefit of the incapacitated individual. If the value of the property or the debt exceeds $20,000, the transfer is not effective unless authorized by the court.\n(b) A written acknowledgment of delivery, signed by a custodial trustee, is a sufficient receipt and discharge for property transferred to the custodial trustee under this section.","path":["Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions.","Chapter 60. Uniform Custodial Trust Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#13.60.040","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:54Z","sha256":"e651cf2c5dfb0b65aa029809203f786a219e8d095406679ec14dd7be6de06db7","source_id":"us-ak","stale":false,"prev":"us-ak/as-13.60.030","next":"us-ak/as-13.60.050"},"notice":"GroundRules: Original legal text. Not legal advice."}