Competition among wealth managers for high net-worth clients is fierce. In order to attract and retain such clients, wealth managers must now offer a wide range of sophisticated services. For years, two of thes...
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A significant new letter ruling, Ltr. Rul. 200944002, enables planners to provide clients with a strategy that offers not only asset protection, but significant potential estate tax savings and other advantages...
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Many married individuals adopt an estate plan designed to avoid estate tax on the death of the first spouse to die while taking maximum advantage of the so-called unified credit (also known as the applicable ex...
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Trusts are one of the most important tools available for tax, estate and financial planning. Alaska has the best laws for setting up trusts. However, sometimes, the terms of the trust do not permit the trust to...
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Alaska has corrected a major defect common in self-settled laws. It now provides a definition for a “pre-existing creditor”. Now, one can name a non-resident beneficiary as a co-trustee without compromising...
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A recent U.S. Bankruptcy Court decision, 111 re Huber,' held that an Alaska self-settled trust essentially was invalid with respect to claims of the settlor's creditors in bankruptcy. The case doesn't appear to...
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Alaska recently ban enacted legislation similar to laws in certain foreign asset protection jurisdiction. As a consequence, an American in any state can create a trust for his or her own benefit which is protec...
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The substantial concerns held by Americans about the potential of financially devastating legal judgements have been a primary motivator have been a primary motivator for them to create trusts for their own ben...
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The state of Alaska has adopted a new community property law by which a married couple may elect to treat all of their assets or specific as-sets as communicy property. This ar-ticle discusses the estate planni...
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