Why establish a trust with First National?
Alaska’s Trust Laws Offer Unique Benefits
The Alaska Trust Act combined with Alaska’s favorable estate planning landscape (no state income tax, capital gains tax, estate tax, or gift tax) present unique advantages to residents of any state in the nation.
- Enhanced asset protection
- Ante-mortem probate laws
- Flexible trust decanting
- Spendthrift provision
- Flexible trust situs allows individuals to choose Alaska as the trust’s situs, even if they have no connection to the state
First Tier Trust Jurisdiction
There are many states that offer beneficial trust laws, but none stand out quite like the Great Land. Alaska is considered a First Tier Trust Jurisdiction that includes various estate and tax planning benefits offering unique opportunities for individuals and families preparing to set up trusts.
Specialized Expertise
Our team of Certified Trust and Fiduciary Advisors works with you and your attorney to develop an estate and trust plan that provides you peace of mind. Should your plan be complex or include unique assets, our specialists will provide comprehensive end-to-end solutions to protect your financial legacy and benefit future generations.
Trust Solutions
As our client, you’ll receive an integrated trustee and investment management solution—helping you to realize your legacy plans while benefitting present and future generations.
Our trust offering includes:
- Revocable trusts allow you to change the terms of the trust as needed.
- Irrevocable trusts can’t be modified or terminated without getting approval from the beneficiaries and concurrence in court.
- Special Needs Trust is a legal arrangement that provides access to funding to someone who is physically or mentally disabled or chronically ill. This trust allows for additional financial support of an individual without jeopardizing the benefits provided by public assistance programs.
- Testamentary trusts are established in a Will to manage or distribute all or part of your estate.
- Alaska Community Property Trusts can provide estate and income tax benefits to married couples’ estate planning through community or separate property elections.
- Alaska Qualified Trusts are created under Alaska statue allowing trust provisions not permitted in other states.
- Charitable trusts are established for charitable purposes.
Estate Administration & Personal Representative Solutions
Choosing the right executor to ensure your final wishes are fulfilled efficiency and fairly is a crucial step in estate planning. Our team is available to administer your estate by serving as corporate executor or personal representative. We will ensure your financial affairs, property and assets are distributed per your wishes after your pass.
Will & Trust Safekeeping
Gain peace of mind knowing your estate plans are safe, secure and easily accessible to your loved ones when the time comes. First National will store and protect your important document, ensuring they are free of damage when they are needed most.
Contact Us
Let’s discuss how our comprehensive suite of trust services can help you shape your tomorrow.