You can also go to The Alaska Legal Resource Center or search the entire website.

Touch N' GoŽ, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.

Alaska Statutes.

Title 13. Estates, Guardianships, Transfers, Trusts.

Chapter 60. Uniform Custodial Trust Act

Section 170. Methods and Forms For Creating Custodial Trusts.

AS 13.60.170. Methods and Forms For Creating Custodial Trusts.

(a) If a transaction, including a declaration with respect to specific property or a transfer of specific property, otherwise satisfies applicable law, the criteria of AS 13.60.010 are satisfied by

(1) the execution and either delivery to the custodial trustee or recording of an instrument in substantially the following form:

TRANSFER UNDER THE ALASKA UNIFORM CUSTODIAL TRUST ACT

    I, __________ (name of transferor or name and                      

representative capacity if a fiduciary), transfer to __________ (name of trustee other than transferor), as     

custodial trustee for __________ (name of beneficiary)                 

as beneficiary and __________ as distributee on termination of the trust in absence of direction by the

beneficiary under the Alaska Uniform Custodial Trust Act, the

 following: (insert a description of the custodial trust property      

legally sufficient to identify and transfer each item of property).

                                     Dated: _________________________  

                                     ________________________________                                      (Signature); or                   

(2) the execution and the recording or giving notice of its

execution to the beneficiary of an instrument in substantially the

following form:                                                        

CUSTODIAL TRUST ACT                                                    

DECLARATION OF TRUST UNDER THE ALASKA UNIFORM

    I, __________ (name of owner of property),                         

declare that from this date I hold as custodial trustee for __________ (name of beneficiary other than transferor) as beneficiary

 and __________ as distributee on termination of the trust in          

absence of direction by the beneficiary under the Alaska Uniform       

Custodial Trust Act, the following: (insert a description of the       

custodial trust property legally sufficient to identify and transfer

each item of property).                                                

                                     Dated: _________________________  

                                     ________________________________                                      (Signature).                      

(b) Either form identified under (a) of this section may be modified

by the transferor of the property to include, for example, the         

designation of an alternate or successor trustee or the recipient of

 the custodial property upon termination of the trust.                 

  (c) Customary methods of transferring or evidencing ownership of     

property may be used to create a custodial trust, including the        

following:                                                             

(1) registration of a security in the name of a trust company, an

adult other than the transferor, or the transferor if the beneficiary

is other than the transferor, designated in substance 'as custodial

trustee for __________ (name of beneficiary) under the                 

Alaska Uniform Custodial Trust Act';                                   

(2) delivery of a certificated security, or a document necessary for

the transfer of an uncertificated security, together with any necessary

endorsement, to an adult other than the transferor or to a trust

 company as custodial trustee, accompanied by an instrument in         

substantially the form set out in (a)(1) of this section;              

(3) payment of money or transfer of a security held in the name of a

broker or a financial institution or its nominee to a broker or        

financial institution for credit to an account in the name of a trust

company, an adult other than the transferor, or the transferor if the

beneficiary is other than the transferor, designated in substance 'as

custodial trustee for __________ (name of beneficiary) under the       

Alaska Uniform Custodial Trust Act';                                   

(4) registration of ownership of a life or endowment insurance

 policy or annuity contract with the issuer in the name of a trust     

company, an adult other than the transferor, or the transferor if the

beneficiary is other than the transferor, designated in substance 'as

custodial trustee for __________ (name of beneficiary) under the       

Alaska Uniform Custodial Trust Act';                                   

   (5) delivery of a written assignment to an adult other than the     

transferor or to a trust company whose name in the assignment is       

designated in substance by the words 'as custodial trustee for       

__________ (name of beneficiary) under the Alaska Uniform Custodial Trust Act';                         

(6) irrevocable exercise of a power of appointment, under its terms,

in favor of a trust company, an adult other than the donee of the

power, or the donee who holds the power if the beneficiary is other

than the donee, whose name in the appointment is designated in

substance 'as custodial trustee for __________ (name of beneficiary)

under the Alaska Uniform Custodial Trust Act';                         

(7) delivery of a written notification or assignment of a right to

future payment under a contract to an obligor that transfers the right

under the contract to a trust company, an adult other than the         

transferor, or the transferor if the beneficiary is other than the     

transferor, whose name in the notification or assignment is designated

in substance 'as custodial trustee for _________ (name of beneficiary)

under the Alaska Uniform Custodial Trust Act';                         

   (8) execution, delivery, and recordation of a conveyance of an      

interest in real property in the name of a trust company, an adult

other than the transferor, or the transferor if the beneficiary is

other than the transferor, designated in substance 'as custodial

 trustee for __________ (name of beneficiary) under the                

Alaska Uniform Custodial Trust Act';                                   

(9) issuance of a certificate of title by an agency of a state or of

the United States that evidences title to tangible personal property

(A) issued in the name of a trust company, an adult other than the

transferor, or the transferor if the beneficiary is other than the     

transferor, designated in substance 'as custodial trustee for          

__________ (name of beneficiary) under the Alaska Uniform Custodial Trust Act'; or         

    (B) delivered to a trust company or an adult other than the        

transferor or endorsed by the transferor to that person, designated in

substance 'as custodial trustee for __________ (name of beneficiary)

under the Alaska Uniform Custodial Trust Act'; or                      

   (10) execution and delivery of an instrument of gift to a trust     

company or an adult other than the transferor, designated in substance

'as custodial trustee for __________ (name of beneficiary)             

under the Alaska Uniform Custodial Trust Act.'                         

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005