Legislation in Alaska which acts as a defense against creditors for irrevocable trusts, provided that the trust has a grantor whom can act as a discretionary beneficiary. The records of the trust must be located in Alaska, at least one of the trustee must be a resident of Alaska, and a pre-defined percentage of the trust assets must be on deposit in an account in a recognized financial institution.
Related information about Alaska Trust Act:
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Full Text of the Alaska Trust Act · IRS Private Letter Ruling · Basic Questions and Answers about Alaska Trusts. Bibliography. Lawyers Weekly USA, April 21, ...
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This Note examines the 1997 Alaska Trust Act, focusing on the provisions which ... House Bill 1011 (the “Alaska Trust Act” or the “Act”) into law. The bill was ...
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Provides protection against creditors for irrevocable trusts provided that the trust has a grantor who is a discretionary beneficiary. In order for the statute to be ...
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A 1997 state law in Alaska that allows any American to place assets in an irrevocable trust that protects those assets from creditors and, in some circumstances, ...
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Definition of Alaska Trust Act: Legislation in Alaska which acts as a defense against creditors for irrevocable trusts, provided that the trust has a grantor whom ...
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