Anchorage Trusts and Estates Lawyer

The proven Anchorage estate lawyers at the Landye Bennett Blumstein LLP law firm are experienced in the effective resolution of estate lawsuits and claims as related to estates and trusts. Anchorage estate attorneys are knowledgeable in all areas of general estate law, including but not limited to instances of estate bankruptcy, living trusts and retirement planning in Anchorage, Alaska.

Contact an Alaska trusts and estates attorney with experience litigating many types of incidents:

• Decedent’s Estate
• Estate Bankruptcy
• Estate Planning
• Family Trusts
• Litigation
• Living Trusts
• Powers of Attorney
• Wills, Trusts, and Probate
• Special Needs Trusts
• Trusts and Estates
• Unclaimed Property

An Anchorage estate lawyer is professional and knowledgeable in understanding the details, facts, complications, and circumstances that arise in an Anchorage trusts and estates case.

Experienced Anchorage Trust Attorney

Trusts are estate-planning tools that can replace or supplement wills; as well as help manage property during life. A trust manages the distribution of a person’s property by transferring its benefits and obligations to different people. There are many reasons to create a trust, making this property distribution technique a popular choice for many people when creating an estate plan.

The basics of trust creation are fairly simple. To create a trust, the property owner (called the “trustor,” “grantor,” or “settlor”) transfers legal ownership to a person or institution (called the “trustee”) to manage that property for the benefit of another person (called the “beneficiary”). The trustee often receives compensation for his or her management role. Trusts create a “fiduciary” relationship running from the trustee to the beneficiary, meaning that the trustee must act solely in the best interests of the beneficiary when dealing with the trust property. If a trustee does not live up to this duty, then the trustee is legally accountable to the beneficiary for any damage to his or her interests. The grantor may act as the trustee himself or herself, and retain ownership instead of transferring the property, but he or she still must act in a fiduciary capacity. A grantor may also name him or herself as one of the beneficiaries of the trust. In any trust arrangement, however, the trust cannot become effective until the grantor transfers the property to the trustee.

Trusted Anchorage Estate Lawyer

The Anchorage estate attorneys of Landye Bennett Blumstein LLP law firm are distinguished by a history of successful estate claim recoveries and resolutions. For representation in an estate dispute, contact an Anchorage estate lawyer with the Landye Bennett Blumstein LLP law firm in Alaska.