1999 Alaska Statutes
Title 13 DECEDENTS' ESTATES, GUARDIANSHIPS, TRANSFERS, AND TRUSTS
Chapter 13.33. NONPROBATE TRANSFERS
Sec. 13.33.204. Forms.
(a) A contract of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed by the provisions of AS 13.33.201 - 13.33.227 applicable to an account of that type:
(Name one or more parties):
UNIFORM SINGLE- OR MULTIPLE-PARTY ACCOUNT FORM PARTIES
______________________________________ _______________________
OWNERSHIP (Select one and initial):
________ SINGLE-PARTY ACCOUNT
________ MULTIPLE-PARTY ACCOUNT
Parties own the account in proportion to net contributions unless there
is clear and convincing evidence of a different intent.
RIGHTS AT DEATH (Select one and initial):
________ SINGLE-PARTY ACCOUNT
At death of party, ownership passes as part of party's estate.
________ SINGLE-PARTY ACCOUNT WITH POD (PAY ON DEATH) DESIGNATION
(Name one or more beneficiaries):
______________________________________ _______________________
At death of party, ownership passes to POD beneficiaries and is not
part of party's estate.
________ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP
At death of party, ownership passes to surviving parties.
________ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND POD (PAY
ON DEATH) DESIGNATION
(Name one or more beneficiaries):
______________________________________ _______________________
At death of last surviving party, ownership passes to POD beneficiaries
and is not part of last surviving party's estate.
________ MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP
At death of party, deceased party's ownership passes as part of
deceased party's estate.
AGENCY (POWER OF ATTORNEY) DESIGNATION (Optional)
Agents may make account transactions for parties but do not have
ownership or rights at death unless named as POD beneficiaries. (To add
agency designation to account, name one or more agents):
______________________________________ _______________________
(Select one and initial):
________ AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF
PARTIES
________ AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF
PARTIES.
(b) A contract of deposit that does not contain provisions in substantially the form provided in (a) of this section is governed by the provisions of AS 13.33.201 - 13.33.227 applicable to the type of account that most nearly conforms to the depositor's intent.
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.