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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Page URL
Modern Language Association (MLA):
Alaska Trust Act. Payroll & Accounting Heaven Ltd.
December 03, 2021
Chicago Manual of Style (CMS):
Alaska Trust Act. Payroll & Accounting Heaven Ltd. (accessed: December 03, 2021).
American Psychological Association (APA):
Alaska Trust Act. Retrieved December 03, 2021
, from website:

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.