An Act relating to trusts; relating to trust proceedings; relating to nonjudicial settlement agreements in trust matters; relating to the powers of trustees; and providing for an effective date.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies Alaska’s trust laws to allow for nonjudicial settlement agreements in trust matters, streamlining certain processes and potentially reducing court involvement. It clarifies the types of issues that can be resolved through these agreements and establishes procedures for beneficiaries to challenge them. The bill also addresses claims against trustees and the modification or termination of irrevocable trusts, including provisions regarding beneficiary consent and the importance of fulfilling the trust’s original purpose.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Senate Rules by Request of the Governor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours