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That really depends on which benefits are most important to you. But, generally, the consensus among advisers and estate attorneys is that the trust laws of South Dakota and Nevada offer the best combination of tax benefits, asset protection, trust longevity and flexible decanting provisions. Why Do I Need a Trust?

Alaska Trust Legislation Alaska has some of the strongest asset protection laws in the country. Alaska bars all creditors from attaching the trust assets before distributions are made to a beneficiary. This includes, but is not limited to, claims by tort, creditors, and ex- spouses for alimony or child support.

Alaska uses the Uniform Probate Code, so you may want to consider using the probate process instead of a living trust. If you decide to form a living trust instead, you'll still have some notable advantages. For one, you can determine the exact date you want certain property to be transferred to your beneficiaries.

A revocable trust turns into an irrevocable trust when the grantor of the trust dies. Typically, the grantor is also the trustee and the first beneficiary of the trust. Once the grantor dies, the terms written into a revocable trust cannot be modified in any way, nor can anyone add or remove assets.

Under this structure, any trust that is created in a state without income tax is able to avoid state income tax. These trusts are most commonly referred to as ?ING trusts.? Alaska has no state income tax, capital gains tax, estate tax, or gift tax.

To make a living trust in Alaska, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.