CLE# 2010-049: ANCHORAGE: The Basics Every Alaska Lawyer Should Know About Trusts
Date: Tuesday, November 9, 2010
Course Materials Only:
*No CLE credit for materials only.
This CLE presentation is geared towards professionals who are new to estate planning or who wish to learn the basics about trusts to assist in their non-estate planning practices, techniques relating to estate and tax planning with trusts and the
exceptional trust benefits available under Alaska law.
8:00 a.m. Opening Remarks
8:15 a.m. Basics of Trusts
Maribeth Conway, The Conway Law Firm, PC will define the terminology and classification of trusts and the various available
uses for trusts in personal estate planning and business arrangements. She will highlight common trusts types and
purpose, and present the key techniques related to estate and tax planning using trusts.
9:30 a.m. Trust Drafting Highlights – Important Considerations in Trust Drafting
BethAnn Boudah Chapman, Faulkner, Banfield, PC will highlight the important issues to consider when drafting or reviewing
a trust. The discussion will focus on the basic provisions to include in a trust, whether it is a revocable or irrevocable trust
or a “simple” trust or a more complex trust.
10:45 a.m. Break
11:00 a.m. Alaska’s Unique Laws
Stephen E. Greer Esq., will speak on the three Alaska trusts of which every legal practitioner should be aware.
Specifically, he will discuss: The Alaska Community Property Trust- the income tax advantage to a surviving spouse of
having marital property as classified as community property, Alaska’s unique statute, arguments for and against as to
whether our statute will achieve the sought after income tax objective, and bombproofing your estate plan to cure any
deficiencies in the statute. The Alaska Dynasty Trust- why you should consider leaving your assets in trust for your
beneficiaries instead of making out right dispositions to them.
12:15 p.m. Ajourn
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