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Anchorage Trust Administration Attorneys

Let Denali Law Group Help You Make a Living Trust

Whether it’s your home or any other type of property, you can move ownership of important assets into a trust and appoint yourself as the trustee. While a will sets forth your wishes after your death, you can be in full charge of your trust while you are still alive and appoint someone to handle your affairs when you pass away or become incapacitated.

If you are interested in creating a trust, let our Anchorage trust administration lawyers at Denali Law Group help you accomplish your estate planning goals. From drafting documents and helping trustees comply with their fiduciary duties to modifying and amending trusts, our legal team can help.

Contact us today at (907) 268-4584 for more information about our estate planning services. Let 75+ years of combined experience help you immediately.

Creating a Living Trust in Alaska

A trust is an arrangement where a person (trustee) holds a legal title to a property for another individual (beneficiary). You can be the trustee of your own living trust – which is a trust you make while you are alive – and maintain complete control over any property held in the trust.

The following are the steps to take to make a living trust in Alaska:

  • Determine to create an individual or shared trust

  • Choose what assets to include in the trust (e.g. houses/real estate, stocks and bonds, business interests, copyrights and patents, valuables, etc.)

  • Name a successor trustee (i.e. the person who will take over the trust)

  • Name the beneficiaries (i.e. individuals who will receive the trust assets)

  • Make and notarize the trust document

  • Change the title of any property in the trust document to reflect ownership as a trustee

There are two types of living trusts: revocable and irrevocable trusts. Revocable trusts enable the trustee to make changes or revoke specific conditions, while irrevocable trusts are permanent and provide a means to reduce estate taxes by removing trust assets from your estate.

Regarding estate planning, living trusts can help you avoid the probate process. You can establish the exact dates you want to transfer certain assets to your beneficiaries.

Schedule a Consultation Today

Our legal team provides a wide range of estate planning services to clients in Anchorage and Matanuska Valley. We can listen to your concerns, evaluate your financial situation, and determine which trust is appropriate for you and your family.

Call (907) 268-4584 today to learn more about trusts in Alaska.

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