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Alaska Native Claims Settlement Act
The ownership
of stock in a corporation organized under the Alaska Native
Claims Settlement Act depends upon the
decedent's marital status.
The surviving spouse will receive all of this
property when the decedent does not have any children,
grandchildren, or great-grandchildren who are also living.
This differs from the distribution of the remaining estate
property, which the surviving spouse must share with the
decedent's parents, if any.
If the decedent has any living children,
grandchildren, or great-grandchildren, the surviving spouse will
receive one-half of this property. This also from the
distribution of the remaining estate property, depending upon
whether the surviving spouse is the parent of all or none of the
decedent's children, as well as whether the surviving spouse has
any children by someone other than the decedent.
Any of this
type of stock which is not given to the surviving spouse is
distributed according to the rules that govern the remaining
estate property. (You may enter the stock's value as the "Estate
value" in the
Alaska Intestacy Calculator™ and select "No" to the "Are you
currently married?" question to see this distribution.)
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