Alaska Adopts a New Trust Law

On July 10, Alaska Governor Frank Murkowski signed into law a new state trust bill that passed the 23rd Alaska legislature by unanimous vote.1 The provisions of this bill improve creditor protection for third-party beneficiary trusts and self-settled trusts, further enhancing Alaska's desirability as a place to create and maintain trusts. The most dramatic change for third-party beneficiary trusts

On July 10, Alaska Governor Frank Murkowski signed into law a new state trust bill that passed the 23rd Alaska legislature by unanimous vote.1 The provisions of this bill improve creditor protection for third-party beneficiary trusts and self-settled trusts, further enhancing Alaska's desirability as a place to create and maintain trusts. The most dramatic change for third-party beneficiary trusts is the ability of a third-party beneficiary to serve as sole trustee and still be pro

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