Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 13.12.550 - Contents of petition for trust validity(a) A petition for trust validity under AS 13.12.535 must contain (1) a statement that a copy of the trust has been filed with the court;(2) a statement that the trust is in writing and was signed by the settlor;(3) a statement that the trust was executed with the intent that it be enforceable in accordance with its terms;(4) a statement that the settlor had the legal capacity to enter into and establish the trust;(5) a statement that the settlor was free from undue influence and duress and executed the trust in the exercise of free will;(6) a statement that execution of the trust was not the result of fraud or mistake;(7) the names and addresses of the settlor, the settlor's spouse, the settlor's children, the settlor's heirs, and the parties in interest; (8) the ages of the settlor's children, the settlor's heirs, and the parties in interest who are minors so far as known or ascertainable with reasonable diligence by the petitioner;(9) a statement that the trust has not been revoked or modified; and(10) a statement that the settlor is familiar with the contents of the trust.(b) In this section, "party in interest" has the meaning given in AS 13.36.390.Amended by SLA 2019, ch. 13,§§sec.39, sec.40 eff. 10/17/2019.