why alaska?
Alaska Trust Company was created to be a premier provider of fiduciary services, offering direct access to the benefits of Alaska’s special trust laws. What are those laws, and how can you benefit?
The chief advantage of Alaska is founded on these three pillars of financial success.
- First, Alaska has no state income tax on investment income in certain trusts. This means that when establishing trusts to benefit your children, earnings can compound free from state and local income tax (which may exceed 10%) giving you extraordinary year-on-year returns.
- Second, Alaska allows perpetual – or dynasty – trusts, which can help reduce or even eliminate estate or other similar taxes.
- Third, Alaska offers the nation’s strongest legal asset protection. Your limited partnership or limited liability company will be protected from creditor claims such as lawsuits, and you’ll also be sheltered against claims arising in divorce.
- Flexible to changing family needs
Other financial benefits unique to Alaska include decanting statutes, which allow assets of one trust to be paid to a new trust to improve the benefits for you and your family; “opt-in” community property trusts that let couples use community property laws for some or all of their assets, which can have significant income tax savings; and self-settled spendthrift trusts, which allow you to benefit from your own trust without exposing its assets to creditors and can provide tax benefits. Alaska also offers the benefits of no additional gift tax, no intangibles tax, lower life insurance costs, and unique estate planning opportunities.
We are eager to introduce you to the details of Alaska’s progressive laws and to our innovative asset-protection strategies.
