Alaska Adopts a New Trust Law

Peak Trust Company|April 1, 2016

• Alaska has corrected a major defect common in self-settled laws.
• It now provides a definition for a “pre-existing creditor”.
• Now, one can name a non-resident beneficiary as a co-trustee without compromising creditor protection.
• No need to worry now that a judge might order a distribution, which a creditor could then attach.

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