2002 Alaska Statutes
Title 13 DECEDENTS' ESTATES, GUARDIANSHIPS, TRANSFERS, AND TRUSTS
Chapter 13.60. UNIFORM CUSTODIAL TRUST ACT
Sec. 13.60.030. Form and effect of receipt and acceptance by custodial trustee; jurisdiction.
(a) The obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, arise under this chapter upon the custodial trustee's acceptance, express or implied, of the custodial trust property.
(b) The custodial trustee's acceptance may be evidenced by a writing
stating in substance as follows:
CUSTODIAL TRUSTEE'S RECEIPT AND ACCEPTANCE
I, _____________ (name of custodial trustee) acknowledge receipt
of the custodial trust property described below or in the attached
instrument and accept the custodial trust as custodial trustee for
______________ (name of beneficiary) under the Alaska Uniform Custodial
Trust Act. I undertake to administer and distribute the custodial trust
property under the Alaska Uniform Custodial Trust Act. My obligations
as custodial trustee are subject to the directions of the beneficiary
unless the beneficiary is designated as, is, or becomes incapacitated.
The custodial trust property consists of ____________________________.
Dated ____________________________________
__________________________________________
(Signature of Custodial Trustee).
(c) Upon accepting custodial trust property, a person designated as
custodial trustee under this chapter is subject to the personal
jurisdiction of the court with respect to a matter relating to the
custodial trust.
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