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Alaska Self-Settled Trusts Hold Appeal

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					Alaska Self-Settled Trusts Hold Appeal

You can sometimes take advantage of the laws in a particular state when you are engaged in the
process of financial planning. With this in mind we would like to draw attention to the irrevocable self-
settled trusts that are allowable under the laws in the 49th state of Alaska.

It may be frigid up there for much of the year but the climate is quite agreeable for those who are
interested in tax efficiency, asset protection, and access to protected financial resources.

With a self-settled trust the individual who started the trust may also act as the beneficiary and
receive monetary distributions. However, under Alaska law this arrangement can be in place while the
assets in the trust are protected from attachment by creditors and claimants.

The matter of the federal estate tax is another thing to consider. If you were to place assets into a
revocable living trust they would remain part of your estate in the eyes of the IRS because you retain
incidents of ownership.

On the other hand, under Internal Revenue Service regulations the assets that you utilized to fund an
Alaska trust are not considered to be part of your estate's value.

There is a stipulation that can seem like it is an obstacle on the surface but it is easily overcome.
Alaska residency or an Alaska business presence is required of at least one of the trustees. But don't
fret; you can simply work with a reputable, licensed Alaska-based trust company.

Alaska trusts can be a useful solution for many individuals who are looking for tax savings and asset
protection while retaining the ability to tap into funds that they would like to shield from asset
eroding forces.

Experienced estate planning attorneys Indianapolis IN of the Frank & Kraft Attorneys at Law offers
estate planning and business planning resources to residents of Indianapolis IN. To learn more about
these free resources, please visit http://www.frankkraft.com today.

				
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Description: You can sometimes take advantage of the laws in a particular state when you are engaged in the process of financial planning