A New Direction in Estate Planning: North to Alaska

Alaska recently ban enacted legislation similar to laws in certain foreign asset protection jurisdiction. As a consequence, an American in any state can create a trust for his or her own benefit which is protected from creditors provided, among other things, is is not a transfer intended to defraud known creditors. Perhaps of greater importance, Alaska trusts open a new dimension in estate planning. One of this article’s co-authors, Jonathon Blattmachr, was the principle draftman of this new Alaska legislation