Alaska Consensual Community Property Law and Property Trust

The state of Alaska has adopted a new community property law by which a married couple may elect to treat all of their assets or specific as-sets as communicy property. This ar-ticle discusses the estate planning uses and implications of converting one·s separate properry to communi-ty property, and how non-Alaskans may use an Alaska Community Prop-erty Trust to obtain the cax and non-c:i.x benefits of community property status for select assets.