Ask Your Attorney About Alaska Trusts
There are innumerable reasons why it is advisable to speak with a truly qualified trust attorney when
you are interested in positioning your assets intelligently with asset protection and tax efficiency in
mind. If you make any assumptions on your own without the appropriate professional guidance you
may be overlooking some good opportunities.
With the above in mind there are those who have heard that revocable living trusts do not provide
asset protection or reduce the taxable value of your estate. This is because you retain incidents of
ownership while you're still alive.
This is true, but it is possible to place resources into a trust and receive distributions out of it while still
enjoying asset protection and estate tax benefits.
Irrevocable self-settled trusts started in the state of Alaska do in fact satisfy all of the above objectives.
These trusts are not available in most states, but Alaska has seen fit to provide this valuable
opportunity to preserve your wealth while still accessing some of the resources.
If you were to engage the expertise of an Alaska-based trust company you could satisfy the
requirement stipulating that at least one of the trustees must maintain a primary business presence in
Alaska or be a citizen of the state.
While the federal estate tax is certainly a threat to your legacy and litigious individuals could
conceivably emerge there are ways to position your assets intelligently to make sure that your
interests are protected come what may. Creating an Alaska trust is one possibility.
Experienced estate planning attorneys Warren NJ of the Augulis Law Firm offers estate planning and
business planning resources to residents of Warren, NJ. To learn more about these free resources,
please visit www.augulislawfirm.com/ today.