Source: http://www.pension-evaluators.com/Pension-Evaluation/State-Pension-Evaluation-Classification/Alaska.aspx
Timestamp: 2018-02-25 13:31:32
Document Index: 699662369

Matched Legal Cases: ['§ 25', '§ 14', '§ 30', '§ 34', '§ 34', '§ 34']

JURISDICTIONAL END OF MARRIAGE DATE: Date of Separation. If there is no Separation Date use current date
STATE TYPE FOR PENSION DISTRIBUTION: Alaska is an "equitable distribution" state. Alaska is an equitable distribution state, which means that the court will divide the marital property between the parties as it deems equitable and just, without regard to fault. Factors the court will consider in dividing the property include:
1. The length of the marriage. 2. The age and health of the parties. 3. The earning capacity of the parties. 4. The financial condition of the parties. 5. The conduct of the parties, including whether there has been an unreasonable depletion of marital assets. 6. The desirability of awarding the family home, or the right to live in it for a reasonable period of time to the party with custody of the child, if any. 7. The circumstances and necessities of each party. 8. The time and manner of acquisition of the property in question. 9. The income producing capacity of the property and the value of the property at the time of division.
[Alaska Statutes; Sections 25.24.160 and 25.24.230].
ALASKA STAT. § 25.24.160
(a) In a judgment in an action for divorce or action declaring a marriage void or at any time after judgment, the court may provide
(b) If a judgment under this section distributes benefits to an alternate payee under AS 14.25, AS 21.51.120(a), AS 21.54.020(g), 21.54.050(c), AS 22.25, AS 26.05.222-26.05.226, or AS 39.35, the judgment must meet the requirements of a qualified domestic relations order under the definition of that phrase that is applicable to those provisions.
Delayed repeal of subsection (d). - Under §§ 14 and 17, ch. 54, SLA 2001, subsection (d) is repealed July 1, 2003.
Alaska STAT. § 30-2-51
Judgment. a) In a judgment in an action for divorce or action declaring a marriage void or at any time after judgment, the court may provide
4) for the division between the parties of their property, including retirement benefits, whether joint or separate, acquired only during marriage, in a just manner and without regard to which of the parties is in fault; however, the court, in making the division, may invade the property, including retirement benefits, of either spouse acquired before marriage when the balancing of the equities between the parties requires it; and to accomplish this end the judgment may require that one or both of the parties assign, deliver, or convey any of their real or personal property, including retirement benefits, to the other party; the division of property must fairly allocate the economic effect of divorce by being based on consideration of the following factors:
ALASKA STAT. § 34.77.010
Good faith requirement. A spouse shall act in good faith with respect to the other spouse in matters involving community property. The obligation under this section may not be varied by a community property agreement or a community property trust.
ALASKA STAT. § 34.77.020
Variation by marital property agreement. Except as provided in AS 34.77.010, 34.77.070(h), 34.77.080(b), and 34.77.090(c), a community property agreement or a community property trust may vary the effect of this chapter.
ALASKA STAT. § 34.77.030
Classification of property of spouses. (a) Except for property that is classified otherwise in this chapter, property of spouses is community property under this chapter only to the extent provided in a community property agreement or a community property trust.
(b) If a community property agreement provides that all property acquired by either or both spouses during the marriage is community property, the property of the spouses acquired during the marriage and after the determination date is presumed to be community property.
(c) A spouse has a present undivided one-half interest in community property.
(d) If the community property agreement provides that all property acquired by either or both spouses during the marriage is community property, income earned or accrued by a spouse or attributable to property of a spouse during marriage and after the determination date is community property.
(e) Community property transferred to a trust remains community property.
(f) Whether or not the community property agreement provides that all property acquired by either or both spouses during the marriage is community property, property that is owned by a spouse at the time of a marriage but before the determination date is not community property except to the extent otherwise expressly provided in the community property agreement.
(g) Whether or not the community property agreement provides that all property acquired by either or both spouses during the marriage is community property, and except to the extent otherwise expressly provided in the community property agreement, property acquired by a spouse during marriage and after the determination date is individual property if acquired
(1) by gift or a disposition at death made by a third person to the spouse and not to both spouses;
(2) in exchange for or with the proceeds of other individual property of the spouse;
(3) from appreciation or income of the spouse's individual property except to the extent that the income or appreciation is classified as community property under AS 34.77.130;
(4) by a decree, community property agreement, written consent, or reclassification under AS 34.77.060(b) designating it as the individual property of the spouse;
(5) as a recovery for damage to property under AS 34.77.140, except as specifically provided otherwise in a decree, community property agreement, or written consent; or
(6) as a recovery for personal injury, except for the amount of the recovery attributable to expenses paid or otherwise satisfied from community property.
(h) Appreciation and income of property transferred to a community property trust is community property if declared in the trust to be community property.
(i) Community property held by a community property trust or another trust remains community property of the spouses if distributed to the spouses.
(j) Except as provided otherwise in this chapter, this chapter does not alter the classification and ownership rights of property acquired before or during the marriage.