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2020 Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 36. Trust Administration
Article 3. Trustees.
Sec. 13.36.078. Reimbursement of expenses.
Universal Citation: AK Stat § 13.36.078 (2020)
Except as otherwise provided in the trust instrument,
(1) a trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for
(A) expenses that were properly incurred in the administration of the trust; and
(B) expenses that were not properly incurred in the administration of the trust to the extent necessary to prevent unjust enrichment of the trust;
(2) if the trustee advances money for the protection of the trust, the trustee has a lien against trust property to secure reimbursement of the money and payment of reasonable interest on the money.
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