Sec. 13.12.720. Family-owned business deduction.
(a) If an individual includes a provision in a will, trust document, or beneficiary designation that is designed to reduce federal estate tax liability to zero, or to the lowest possible amount payable, by describing a portion or amount measured by reference to the unified credit, applicable exclusion amount, or exemption equivalent under 26 U.S.C. […]
Sec. 13.12.802. Effect of divorce, annulment, and decree of separation.
(a) An individual who is divorced from the decedent or whose marriage to the decedent has been annulled is not a surviving spouse unless, by virtue of a subsequent marriage, the individual is married to the decedent at the time of death. A decree of separation that does not terminate the status of husband and […]
Sec. 13.12.803. Effect of homicide on intestate succession, wills, trusts, joint assets, life insurance, and beneficiary designations.
(a) An individual who feloniously kills the decedent forfeits all benefits under this chapter with respect to the decedent’s estate, including an intestate share, an elective share, an omitted spouse’s or child’s share, a homestead allowance, exempt property, and a family allowance. If the decedent died intestate, the decedent’s intestate estate passes as if the […]
Sec. 13.12.804. Effect of divorce, annulment, and other changes of circumstances on probate and nonprobate transfers.
(a) Except as provided by the express terms of a governing instrument, a court order, or a contract relating to the division of the marital estate made between the divorced individuals before or after the marriage, divorce, or annulment, the divorce or annulment of a marriage (1) revokes a revocable (A) disposition or appointment of […]
Sec. 13.12.907. Honorary trusts; trusts for pets.
(a) Subject to (c) of this section, a trust may be performed by the trustee for 21 years but not longer, whether or not the terms of the trust contemplate a longer duration, if (1) the trust is for a specific lawful, noncharitable purpose or for a lawful, noncharitable purpose to be selected by the […]
Sec. 13.12.912. International will; validity.
(a) Except as provided by AS 13.06.068, a will is valid as regards form, irrespective of the place where the will is made, of the location of the assets, and of the nationality, domicile, or residence of the testator, if the will is made in the form of an international will complying with the requirements […]
Sec. 13.12.913. International will; requirements.
(a) The international will must be written. The will does not need to be written by the testator. The will may be written in any language, or by hand or other means. (b) The testator shall declare in the presence of two witnesses and of a person authorized to act in connection with international wills […]
Sec. 13.12.914. International will; other points of form.
(a) The signatures shall be placed at the end of the international will. If the will consists of several sheets, each sheet shall be signed by the testator or, if the testator is unable to sign, by the person signing on the testator’s behalf or, if a person is not signing on the testator’s behalf, […]
Sec. 13.12.915. International will; certificate.
The authorized person shall attach to the international will a certificate to be signed by the authorized person establishing that the requirements of AS 13.12.912 – 13.12.921 for valid execution of an international will have been complied with. The authorized person shall keep a copy of the certificate and deliver another to the testator. The […]
Sec. 13.12.916. International will; effect of certificate.
In the absence of evidence to the contrary, the certificate of the authorized person is conclusive of the formal validity of the instrument as an international will under AS 13.12.912 – 13.12.921. The absence or irregularity of a certificate does not affect the formal validity of a will under AS 13.12.912 – 13.12.921.