Alaska Trust Act

Business, Legal & Accounting Glossary

Definition: Alaska Trust Act


Alaska Trust Act


Full Definition of Alaska Trust Act


Legislation in Alaska which acts as a defense against creditors for irrevocable trusts, provided that the trust has a grantor whom can act as a discretionary beneficiary. The records of the trust must be located in Alaska, at least one of the trustee must be a resident of Alaska, and a pre-defined percentage of the trust assets must be on deposit in an account in a recognized financial institution.


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December 03, 2021 https://payrollheaven.com/define/alaska-trust-act/.
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https://payrollheaven.com/define/alaska-trust-act/ (accessed: December 03, 2021).
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Alaska Trust Act. PayrollHeaven.com. Retrieved December 03, 2021
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Definition Sources


Definitions for Alaska Trust Act are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.