Alaska Probate Form PG-662

Petition To Receive Funds On Behalf Of A Minor

Everything you need to know about Alaska Form PG-662, including helpful tips, fast facts & deadlines, how to fill it out, where to submit it and other related AK probate forms.

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About Petition To Receive Funds On Behalf Of A Minor

There are all sorts of forms executors, beneficiaries, and probate court clerks have to fill out and correspond with during probate and estate settlement, including affidavits, letters, petitions, summons, orders, and notices.

Petition To Receive Funds On Behalf Of A Minor is a commonly used form within Alaska. Here’s an overview of what the form is and means, including a breakdown of the situations when (or why) you may need to use it:

View Form PG-662

AK Form PG-662, which may also referred to as Petition To Receive Funds On Behalf Of A Minor, is a probate form in Alaska. It is used by executors, personal representatives, trustees, guardians & other related parties during the probate & estate settlement process.

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Atticus Fast Facts About Petition To Receive Funds On Behalf Of A Minor

Sometimes it’s tough to find a quick summary— here’s the important details you should know about Petition To Receive Funds On Behalf Of A Minor:

  • This form pertains to the State of Alaska

  • The official Alaska source for this form is here.

Government forms are not typically updated often, though when they are, it often happens rather quietly. While Atticus works hard to keep this information about ’s Form PG-662 - Petition To Receive Funds On Behalf Of A Minor up to date, certain details can change from time-to-time with little or no communication.

How to file Form PG-662

Step 1 - Download the correct Alaska form based on the name and ID if applicable

Double check that you have both the correct form name and the correct form ID. Some Alaska probate forms can look remarkably similar, so it’s best to double, even triple-check that you’re using the right one! Keep in mind that not all States have a standardized Form ID system for their probate forms.

Step 2 - Complete the Document

Fill out all relevant fields in Form PG-662, take a break, and then review. Probate and estate settlement processes in AK are long enough to begin with, and making a silly error can push your timeline even farther back. No thank you!

Note: If you don’t currently know all of the answers and are accessing Form PG-662 online, be sure to avoid closing the browser tab and potentially losing all your progress (or use a platform like Atticus to help avoid making mistakes).

Step 3 - Have Form PG-662 witnessed or notarized (if required)

Some States and situations require particular forms to be notarized. If you have been instructed to get the document notarized or see it in writing on the document, then make sure to hire a local notary. There are max notary fees in the United States that are defined and set by local law. Take a look at our full guide to notary fees to make sure you aren’t overpaying or getting ripped off.

Step 4 - Submit Petition To Receive Funds On Behalf Of A Minor to the relevant office

This is most often the local probate court where the decedent (person who passed away) is domiciled (permanently resides) or the institution involved with this particular form (e.g. a bank). Some offices allow you to submit forms online, other’s don’t, and we while we generally recommend going in-person to expedite the process, sometimes that simply isn’t an option.

It’s also a generally good idea to establish a positive working relationship with any probate clerk (unfortunately there’s enough people & process out there making things more difficult and unnecessarily confusing for them), so a best practice is to simply ask the probate clerk proactively exactly how and where they’d prefer you to submit all forms.

Need help getting in touch with a local probate court or identifying a domicile probate jurisdiction?

👉 Find and Contact your Local Probate Court

👉 What is a Domicile Jurisdiction?

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When Petition To Receive Funds On Behalf Of A Minor is due

Different probate forms or processes can require different deadlines or response times for completing the appropriate form.

While some steps in the process are bound to specific deadlines (like petitioning for probate, having to submit an inventory of assets, or filing applicable notices to creditors and beneficiaries), many probate forms or processes are not tied to a specific deadline since the scope of work can vary based on situational factors or requirements involved.

Either way, there are a bunch of practical reasons why personal representatives should work to complete each step as thoroughly and quickly as possible when completing probate in Alaska.

5 reasons you should submit PG-662 as quickly as possible:

  1. The sooner you begin, the faster Alaska can allow heirs and beneficiaries to get their share of assets subject to probate. Acting promptly can also decrease the costs & overall mental fatigue through an otherwise burdensome process.

    Helpful Context: What’s the Difference Between Probate and Non-Probate Assets?

  2. In general, creditors of an estate usually have around 3-6 months from the time you file notice to creditors to file any claims for debt against the deceased’s assets. If they don’t, then that debt is forfeited (and more importantly, the executor won’t be held personally responsible). So doing this sooner means you have a better idea of who is owed what and ensures you won’t get a surprise collector months later.

  3. Not filing a will within 30 days (on average) could mean that the probate process proceeds according to intestate laws (laws that govern what happens to someone's stuff without a will) or is subject to unnecessary supervision by the probate court. And if you aren't directly related to the deceased (a.k.a. next of kin), this could also mean you lose your inheritance.

  4. It’s important to file any necessary state tax returns on behalf of the deceased or estate by the following tax season in Alaska. If you don’t, you could owe penalties and interest. This also includes any necessary federal tax returns such as Forms 1040, 1041, or even a Form 706 estate tax return.

  5. If a house in the State of Alaska is left empty (or abandoned) for a while, insurance can get dicey. For example, if the house burns down and no one has been there for a year, an insurance company may get out of paying your claim.

If you’re not using Atticus to get specific forms, deadlines, and timelines for Alaska probate, then try and stay as organized as possible, pay close attention to the dates mentioned in any correspondence you have with the State’s government officials, call the local Alaska probate clerk or court for exact answers regarding Form PG-662, and when in doubt— consult a qualified trust & estates lawyer for that area.

How to Download, Open, and Edit Form PG-662 Online

Petition To Receive Funds On Behalf Of A Minor is one of the many probate court forms available for download through Atticus.

It may also be available through some Alaska probate court sites, such as . In order to access the latest version, be updated with any revisions, and get full instructions on how to complete each form, check out the Atticus Probate & Estate Settlement software or consider hiring a qualified legal expert locally within Alaska.

While Atticus automatically provides the latest forms, be sure to choose the correct version of Form PG-662 - Petition To Receive Funds On Behalf Of A Minor f using any other site or resource in order to avoid having to re-complete the form process and/or make another trip to the Alaska probate court office.

Petition To Receive Funds On Behalf Of A Minor is a .pdf, so opening it should be as simple as clicking “View Form” from within the Atticus app or by clicking the appropriate link found on any Alaska-provided government platform. Once you’ve opened the form, you should be able to directly edit the form before saving or printing.

View Form PG-662

AK Form PG-662, which may also referred to as Petition To Receive Funds On Behalf Of A Minor, is a probate form in Alaska. It is used by executors, personal representatives, trustees, guardians & other related parties during the probate & estate settlement process.

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Did you know?

  • Form PG-662 - Petition To Receive Funds On Behalf Of A Minor is a probate form in Alaska.

  • Alaska has multiple types of probate and the necessary forms depend on the unique aspects of each estate, such as type and value of assets, whether there was a valid will, who is serving as the personal representative or executor, and even whether or not they also live in Alaska.

  • During probate, all personal representatives and executives in are required to submit a detailed inventory of assets that must separate non-probate assets from probate assets.

  • Probate in Alaska, especially without guidance, can take years to finish and cost upwards of $14,000.

Frequently Asked Questions about Petition To Receive Funds On Behalf Of A Minor

Probate is the government’s way of making sure that when a person dies, the right stuff goes to the right people (including the taxes the government wants).

All of that stuff is collectively known as someone’s “estate”, and it’s the job of the executor or personal representative to fill out all the forms and complete all the required steps to formally dissolve the estate. 

To get instant clarity on the entire probate process and get an idea of the steps, timeline, and best practices, read the Atticus Beginner’s Guide to Probate

The best place? Create an account in Atticus to start getting estate-specific advice. 

You may need a lawyer, you may not, and paying for one when you didn’t need it really hurts. Atticus makes sure you make  the best decisions (plus you can write it off as an executor expense).

We’ve also created a list of other probate services. Be sure to check it out!

An executor is named in someone’s will, and if the deceased didn’t have a will, then the spouse or other close family relative usually steps up to fulfill the role. If no one wants to do it, then a judge will appoint someone. 

The executor is responsible for the complete management of the probate process, including major responsibilities such as:

  • Creating an inventory of all probate assets.

  • Filling out all necessary forms

  • Paying off all estate debts and taxes

  • Submitting reports to the court and beneficiaries as requested

And much more. This process often stretches longer than a year. 

For an idea of what separates executors who succeed from those who make this way harder than it should be, visit our article, Executors of an Estate:
What they do & secrets to succeeding
.

The Exact Text on Form PG-662

Here’s the text, verbatim, that is found on Alaska Form PG-662 - Petition To Receive Funds On Behalf Of A Minor. You can use this to get an idea of the context of the form and what type of information is needed.

Page 1 of 3 PG-662 (6/18)(cs) AS 13.26.147(b) PETITION TO RECEIVE FUNDS ON BEHALF OF A MINOR AS 13.26.401 - .440 IN THE SUPERIOR COURT FOR THE STATE OF ALASKA AT In the Matter of the Protective Proceeding of ) ) ) ) ) CASE NO. Minor ) Date of Birth: ) PETITION TO RECEIVE FUNDS ON BEHALF OF A MINOR (AS 13.26.440) Petitioner asks the court to authorize to receive the funds described below on behalf of the minor named above and to manage the funds as custodian under the Alaska Uniform Transfers to Minors Act (AS 13.46.010 - .999) until the minor reaches age 18. deposit the funds in the following trust: deposit or use the funds as follows: 1. Petitioner's Full Name Age Petitioner's Mailing Address (box or street number) (city) (state) (ZIP) Petitioner's Daytime Phone Relationship to Minor 2. Nominated Guardian (if not Petitioner) Age Mailing Address (box or street number) (city) (state) (ZIP) Daytime Phone Relationship to Minor 3. Minor's Full Name Age Minor’s Physical Address (box or street number) (city) (state) (ZIP) Minor's Daytime Phone 4. Description of Funds. The funds are the proceeds of a life insurance policy on the life of (name) who died on (date) . The deceased person was the minor’s (describe relationship) Name of Insurance Company: Address of Insurance Company: Policy No. Amount Owed to Minor: Page 2 of 3 PG-662 (6/18)(cs) AS 13.26.147(b) PETITION TO RECEIVE FUNDS ON BEHALF OF A MINOR AS 13.26.401 - .440 I received a letter dated from the insurance company stating that the company cannot pay the minor’s money to me unless I am the minor’s legal guardian. I am attaching a copy of this letter. Other funds (provide as much detail on the type of funds and explain why you need authorization to receive funds): 5.The minor’s mother is living. deceased. Mother’s full name Mother's Mailing Address (box or street number) (city) (state) (ZIP) Mother's Daytime Phone 6.The minor’s father is living. deceased. Father’s full name Father's Mailing Address (box or street number) (city) (state) (ZIP) Father’s Daytime Phone 7.Name of person who has physical custody of the minor Mailing Address (box or street number) (city) (state) (ZIP) Daytime Phone 8.The minor is is not married. 9.Has a guardian or conservator been appointed for the minor by any court? No. Yes. If yes, explain (include court location and case number, if known): Name and address of guardian/conservator: 10.Are there any other proceedings for the appointment of a guardian or conservator pending in any court? No. Yes. If yes, explain (include court location and case number, if known): 11.Are there any other court proceedings involving this minor? No. Yes. If yes, explain (include court location and case number, if known): Page 3 of 3 PG-662 (6/18)(cs) AS 13.26.147(b) PETITION TO RECEIVE FUNDS ON BEHALF OF A MINOR AS 13.26.401 - .440 12.If authorized to become the custodian of this money under the Alaska Uniform Transfers to Minors Act (UTMA), the custodian must manage the money for the benefit of the minor in accordance with the UTMA. Petitioner understands that, among other things, the UTMA requires the custodian to: a.keep these funds separate from the custodian’s funds and anyone else’s funds at all times, 1 b.keep records of all transactions concerning these funds, 2 c.manage and invest the funds and the funds’ earnings to benefit the minor, and in dealing with the funds, observe the standard of care that would be observed by a prudent person dealing with property of another, 3 d.when depositing the funds at financial institutions (banks, stock brokers, etc.), name the accounts as follows: “ (Custodian’s Name) as custodian for (Minor’s Name) under the Alaska Uniform Transfers to Minors Act,” 4 and e.transfer the funds to the minor when the minor reaches age 18. 5 The UTMA allows the custodian to pay to the minor or spend for the minor’s benefit as much of these funds as the custodian considers advisable for the use and benefit of the minor. 6 Date Signature of Petitioner or Petitioner’s Attorney If attorney, print name and bar number: Verification I state on oath or affirm that I have read this petition and that all statements made in it are true to the best of my knowledge and belief. Date Petitioner's Signature Subscribed and sworn to or affirmed before me at , Alaska on . Date (SEAL) Clerk of Court, Notary Public, or other person authorized to administer oaths. My commission expires: 1 AS 13.46.110(d) 2 AS 13.46.110(e) 3 AS 13.46.110 4 AS 13.46.080(a)(2) 5 AS 13.46.190(2) 6 AS 13.46.130(a)

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