Document Type


Publication Title

Estate Planning Journal

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Alaska has been one of the most progressive states in revising and clarifying its laws to permit more efficient estate planning. For example, Alaska was the first state to adopt domestic asset protection trust (DAPT) legislation. (A DAPT is an irrevocable trust with an independent trustee who has absolute discretion to make distributions to a class of beneficiaries that includes the settlor.) Among other things, this permits an individual to create a self-settled trust in Alaska in a manner so it should not be included in his or her gross estate at death. Now more than a dozen other states have adopted one or more variations of the Alaska law.