2005 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.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.