Alaskan Trust Services
At RHBTC, we understand managing a family’s legacy requires a modern, personalized approach.
Our team upholds the highest fiduciary standards, working seamlessly with you and your legal counsel to fulfill the grantor’s wishes, manage complex assets, and meet beneficiaries’ unique needs.
Leveraging Alaska’s advantageous trust and tax laws, we offer unparalleled benefits, including asset protection, privacy, and tax efficiency.
Types of Trusts We Administer
RHBTC provides trustee services for a diverse array of trusts including:
- Revocable and Irrevocable Trusts
- Asset Protection Trusts (Self-Settled and Third Party)
- Special Needs Trusts
- Charitable Trusts
- Custodial Trusts
- Directed Trusts
- Foreign Grantor Trusts
- Community Property Trusts
- Retirement Plans
- GRATS
- Independent Corporate Trustee
- Private Label Trust Services
- QPRTS
- QTIPS
Why Choose RHBTC in Alaska?
Operating from Alaska, RHBTC harnesses the state’s favorable trust laws to deliver superior trustee and trust administration services. Alaska provides a range of benefits for both residents and non-residents including:
NO STATE INCOME TAX
Trust earnings grow free from state and local income taxes, boosting investment returns.
DYNASTY TRUSTS
Assets can remain in trust for up to 1,000 years, preserving wealth across generations.
TOP ASSET PROTECTION
Alaska boasts some of the strongest asset protection laws in the U.S., including provisions for Domestic Asset Protection Trusts.
OPTIONAL COMMUNITY PROPERTY SYSTEM
Alaska allows spouses to opt into a community property agreement, which can include some or all of the spouses’ property. This system provides significant tax advantages, including full basis adjustments on community property at the death of the first spouse, eliminating capital gains taxes.
FLEXIBLE ADMINISTRATIVE SERVICES
Our services include trust administration while allowing investment advisors to manage assets.
Trustee Roles Offered
Full Trustee
Comprehensive management of trust assets, administration, distribution decisions, tax coordination, and beneficiary communication.
Co-Trustee
Shared responsibilities with other trustees, including designated family members.
Directed Trustee/Administrative Trustee
Administrative services including tax coordination and money movement, with investment and distribution decisions made by others.
Delegated Trustee
Oversight of specific functions delegated to investment professionals or other parties, while RHBTC handles the remaining trust services.
Our Approach
Complex Asset Management
RHBTC is adept at handling intricate assets, from real estate and closely held businesses to intellectual property. We provide tailored solutions to meet complex financial needs.
Trusts Governed by Other States
We review and adapt trusts governed by laws from other states, often moving administrative functions to Alaska while retaining the original governance. We explore options like decanting or modification with your advisors to ensure optimal outcomes.
Asset and Capitalization Requirements
We assess each trust’s financial requirements and provide solutions to meet or adjust its needs. Our approach is flexible and responsive to each trust’s unique characteristics.
Drafting and Legal Provisions
We value participating in the drafting process to understand the grantor’s intent and work with your legal team to integrate Alaska law.
Trust Establishment
We collaborate with your existing legal team for trust setup since we do not draft trusts.
Fee Structure
Our fees are comprised of an initial setup fee, a flat rate annual fee, and a percentage-based fee of the assets under trusteeship. RHBTC also offers customized fee quotes tailored to your needs.
Special Needs Expertise
Our experience includes working with beneficiaries facing mental health or addiction issues. We customize our approach to align with the grantor’s intent and family dynamics.
Distribution Timeliness
We make distribution decisions promptly, ensuring responsiveness and compliance with trust terms and fiduciary responsibilities.
Tax Coordination
While we do not prepare trust tax returns, we coordinate all aspects of tax filings and payments, working with your existing tax preparer or arranging one on your behalf.
Alaska Trust Decanting
Alaska’s trust decanting statutes allow for the transfer of assets from one trust to another to better meet the needs of beneficiaries or the trustor’s intent. This flexibility includes:
- Updating outdated trusts
- Enhancing asset protection
- Revising trustee roles
- Correcting errors or unclear terms
- Merging or splitting trusts
Explore Alaska’s Unique Opportunities with RHBTC
RHBTC leverages Alaska’s exceptional trust advantages to provide innovative solutions for various client needs. We are dedicated to protecting your family’s legacy with Alaska’s best trust services.
Partner with us to benefit from our extensive expertise and the state’s superior trust laws.
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