Sec. 13.12.601. Scope.

Except as provided in AS 13.06.068, in the absence of a finding of a contrary intention, the rules of construction in AS 13.12.601 – 13.12.609 control the construction of a will.

Sec. 13.12.602. Will may pass all property and after-acquired property.

A will may provide for the passage of all property the testator owns at death and all property acquired by the estate after the testator’s death.

Sec. 13.12.603. Antilapse; deceased devisee; class gifts.

(a) If a devisee fails to survive the testator and is a grandparent, a descendant of a grandparent, or a stepchild of either the testator or the donor of a power of appointment exercised by the testator’s will, the following apply: (1) except as provided in (4) of this subsection, if the devise is not […]

Sec. 13.12.604. Failure of testamentary provision.

(a) Except as provided in AS 13.12.603, a devise, other than a residuary devise, that fails for any reason becomes a part of the residue. (b) Except as provided in AS 13.12.603, if the residue is devised to two or more persons, the share of a residuary devisee that fails for any reason passes to […]

Sec. 13.12.605. Increase in securities; accessions.

(a) If a testator executes a will that devises securities and the testator then owned securities that meet the description in the will, the devise includes additional securities that are owned by the testator at death to the extent the additional securities were acquired by the testator after the will was executed as a result […]

Sec. 13.12.606. Nonademption of specific devises.

(a) A specific devisee has a right to the specifically devised property in the testator’s estate at death and (1) any amount of a condemnation award for the taking of the property unpaid at death; (2) any proceeds unpaid at death on fire or casualty insurance on or other recovery for injury to the property; […]

Sec. 13.12.607. Nonexoneration.

A specific devise passes subject to any mortgage interest existing at the date of death, without right of exoneration, regardless of a general directive in the will to pay debts.

Sec. 13.12.608. Exercise of power of appointment.

In the absence of a requirement that a power of appointment be exercised by a reference, or by an express or specific reference, to the power, a general residuary clause in a will, or a will making general disposition of all of the testator’s property, expresses an intention to exercise a power of appointment held […]

Sec. 13.12.609. Ademption by satisfaction.

(a) Property a testator gave in the testator’s lifetime to a person is treated as a satisfaction of a devise in whole or in part, only if (1) the will provides for deduction of the gift; (2) the testator declared in a contemporaneous writing that the gift is in satisfaction of the devise or that […]