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BREAKING DOWN Alaska Trust Act The Alaska Trust Act can save estate taxes, and the assets of the trust can be immunized from the claims of unknown future creditors. The trustee must either be a bank or trust company with its principal place of business in Alaska, or an individual who is a resident of Alaska.
Trustees. The trustees are the legal owners of the assets held in a trust. Their role is to: deal with the assets according to the settlors wishes, as set out in the trust deed or their will.
Do I Need a Living Trust in Alaska? A living trust is not required, but it can offer some benefits as part of estate planning. If you wish to avoid the traditional probate process, a living trust allows you to do this.
Do I Need a Living Trust in Alaska? A living trust is not required, but it can offer some benefits as part of estate planning. If you wish to avoid the traditional probate process, a living trust allows you to do this.
Trustees. The trustees are the legal owners of the assets held in a trust. Their role is to: deal with the assets according to the settlors wishes, as set out in the trust deed or their will.
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BREAKING DOWN Alaska Trust Act The Alaska Trust Act can save estate taxes, and the assets of the trust can be immunized from the claims of unknown future creditors. The trustee must either be a bank or trust company with its principal place of business in Alaska, or an individual who is a resident of Alaska.
Under this structure, any trust that is created in a state without income tax is able to avoid state income tax. These trusts are most commonly referred to as ING trusts. Alaska has no state income tax, capital gains tax, estate tax, or gift tax. Many of the ING trust Private Letter Rulings involved Alaska law.
Under this structure, any trust that is created in a state without income tax is able to avoid state income tax. These trusts are most commonly referred to as ING trusts. Alaska has no state income tax, capital gains tax, estate tax, or gift tax. Many of the ING trust Private Letter Rulings involved Alaska law.

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