Why the New Year Is Ideal for Estate Planning in Alaska

Jan 08 2026 18:00

The beginning of the year naturally inspires organization and preparation. Between holiday gatherings and tax season, you already have financial and family information close at hand—two key ingredients for effective estate planning.

For Alaskans, winter also means fewer outdoor distractions and more time to focus on personal and legal matters. Updating your estate plan in January or February allows you to enter the year confident that your wishes and your loved ones’ futures are protected.

Life Changes That Require an Updated Will

Your estate plan should evolve as your life does. If you’ve experienced any of the following in the past year, it’s time to update your will or trust:

  • Marriage, divorce, or separation

  • The birth or adoption of a child

  • Purchasing property or starting a business in Alaska

  • Significant changes in assets or investments

  • The death of a beneficiary or executor

  • Moving to or from Alaska

Even if your circumstances haven’t changed, Alaska law and federal tax rules can shift over time. An estate planning attorney can help you ensure your documents comply with the latest requirements and accurately reflect your current goals.

Alaska’s Unique Estate Planning Considerations

Estate planning in Alaska comes with its own unique factors. The state’s property laws, rural land ownership, and family structures often differ from those in the Lower 48. Here’s what makes Alaska estate planning distinct:

  • Community Property Agreements: Married couples in Alaska can choose to opt into a community property agreement, allowing assets to be treated as jointly owned and potentially reducing taxes after one spouse passes away.

  • Out-of-State Property: Many Alaskans own property in other states. Proper planning—like creating a revocable trust—can help avoid multiple probate proceedings.

  • Digital Assets and Remote Records: With so many Alaskans working or living remotely, digital account access and secure document storage are essential parts of a modern estate plan.

Understanding these nuances ensures that your estate plan is both comprehensive and legally sound.

The Benefits of Updating Your Will in Winter

1. Easier coordination with professionals:
Financial planners, accountants, and attorneys often have more availability during Alaska’s slower winter months, making scheduling simpler.

2. Alignment with tax season:
Updating your estate plan before you file taxes can help identify deductions, gifting opportunities, and beneficiary changes.

3. Family discussions are fresh:
After the holidays, family priorities and future plans are top of mind. It’s a natural time to have important conversations about inheritance, guardianship, and medical decisions.

Key Estate Planning Documents to Review

When you update your will, it’s smart to review your entire estate planning portfolio. Consider these essential documents:

  • Last Will and Testament – Designates how your property will be distributed and who will manage your estate.

  • Revocable Living Trust – Helps your family avoid probate and keeps assets private.

  • Durable Power of Attorney – Names someone to handle financial decisions if you become incapacitated.

  • Health Care Directive / Living Will – Outlines your medical preferences and appoints a health care proxy.

  • Beneficiary Designations – Review life insurance, retirement accounts, and investment accounts to ensure they align with your current wishes.

Preparing for the Year Ahead

Updating your estate plan this winter ensures your family’s security, minimizes future disputes, and keeps your legacy intact. In Alaska, where unpredictable weather and long distances can complicate legal matters, preparation brings peace of mind.

At Denali Law Group, we understand the unique needs of Alaska families—from Anchorage professionals to rural property owners. Taking the time now to review and refresh your estate plan can make all the difference when it matters most.