INSIGHTS
Kodiak Trust Company offers flexible and customized solutions tailored to each family’s needs through a professional client-oriented staff with 80+ years of combined experience in domestic and international financial and estate planning. Alaska residents and non-Alaska residents can utilize Alaska favorable trust and tax laws to protect their wealth for themselves and their families for generations.
ALASKA NON-GRANTOR TRUST FOR THE CALIFORNIA RESIDENT
If you are drafting or establishing a California trust for income-tax-sensitive clients, you might want to rethink your trustee selection clauses. Mistakes here, at a 13.3% fiduciary income tax, can be costly to your clients and, possibly, you. Non-residents do not understand why they should pay 13.3% on their income, when they have little or nothing to do with California. That sentiment does not change simply because the non-resident once lived in California, or had a parent living in California, who bequeathed them some appreciating assets. Peter will discuss the changing landscape of the resident-non-resident departing California, the resident-non-resident trust, and how planners can fairly easily avoid the issue by proper drafting.
LEVERAGING CUSTODIAL WEALTH
April 2021 Kodiak Trust Company Webinar “Leveraging Custodial Wealth” presented by Daen Wombwell from NIW Corp.
