Alaska Living Trust Attorney

You have found the right place if you are living in Alaska and have not made any decisions about what to do with your estate when you pass away. Have you made a will? Have you considered a living trust for your assets? If so, you will probably need an Alaska living trust attorney.

A living trust is a legal creation. It takes precedence over you will, although it does not take the place of your will. A living trust is a place where you can place items of your estate in order to avoid probate court and certain federal and state taxes.

Alaska has a simplified probate process for small estates (under $100,000). If your net worth will be under this amount when you die, the probate process will be straightforward and relatively inexpensive, so you may not need to worry about avoiding it.

However, if your estate is worth more than $100,000, a living trust should be considered. A living trust should prevent the federal estate tax penalty. If your estate is over one million dollars, it is likely that the federal estate tax will be assessed on your estate. If your estate is placed in a living trust, the estate tax might be avoided. However, this is only true if your living trust was created correctly.

To be sure your living trust is done correctly you may need an Alaska living trust attorney. Legal Match makes finding a qualified professional very easy.

A living trust can also prevent people from contesting property that they would otherwise be able to contest, if the property was left in a will. Property in other states can be consolidated into a living trust, so that your decedents do not have to put that property though probate in another state. Also, the property in your trust remains confidential.

A living trust, with its manybenefits, does not take the place of a will. A will determines who will get custody of the children, custody of pets, and will govern the division of any property not included in the living trust.

While creating a living trust on your own may not be the best way, there are sites can can help you. Our two top recommended sites are Legal Zoom for Online LEGAL Documents, and NOLA for outstanding tools to Make Your Own Living Trust.

However, hiring a professional to create your living trust could save your heirs from probate and other expensive costs. A professional can guarantee that the living trust was created properly, and will act the way you want it to when you pass away. Finding an attorney in Anchorage or other locations in Alaska should be as easy as clicking the link below.

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