Alaska Statutes: AS 13.36.078. Reimbursement of Expenses.

Alaska Statutes. Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts. Chapter 36. Trust Administration Section 78. Reimbursement of Expenses.

previous: Section 77. Delivery of Property by Former Trustee.
next: Section 79. Certification of Trust; Penalty.

AS 13.36.078. Reimbursement of Expenses.

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.

This version of the Alaska Statutes is current through December, 2022. 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.