Alaska Revocable Living Trust Form

Updated April 14, 2022

The Alaska revocable living trust is a legal document created with the intent to secure a person’s assets and leave instructions to distribute said assets once the trust maker dies. A living trust not only protects the Grantor’s (creator of the trust) assets, it also enables the Beneficiaries to avoid probate, which can be a long and expensive court procedure. The Trustee maintains control over the contents of the trust even in the event the Grantor becomes mentally incompetent. Should a person become mentally unfit to manage their assets and have not created a living trust, their estate could be managed by a court-appointed conservator. The Trustee (or Successor Trustee if the Grantor is also the Trustee) will distribute the contents of the Trust to the Beneficiaries upon the Grantor’s death. A revocable trust can be altered and property therein can be revoked at any time during the Grantor’s lifetime. A revocable living trust becomes irrevocable when the Grantor dies.

Laws – AS 13.36.340

Registration (AS 13.36.005) – Form P-200 must be filed with the Trustee’s Local Court.

How to Write

Step 1 – Download in Adobe PDF (.pdf), Microsoft Word (.docx), or Open Document Text (.odt).

Step 2 – At the top of the form, enter the name of the person creating the Trust and the date. Next, enter the name and mailing address of both the Grantor and Trustee and create a name for the Trust.

Step 3 – Scroll down to the “Death of the Grantor” under Article 4, Section A, and enter all property that is to be distributed from the Trust along with the names of the individuals receiving said property.

Step 4 – Under Section B of Article 4, provide the name, address, and Social Security/Tax ID number of the person who will inherit all personal property included in the trust or tick the box marked “The Beneficiaries.”

Step 5 – Section C of Article 4 concerns the care of the Grantor’s pets after death. Enter the name and address of the person who will take on the role of Pet Caretaker and a second name and address, should the first caretaker be unable to carry out the necessary responsibilities.

Step 6 – Continue under Section C of Article 4 is part (ii), “Funding”, and fill in the dollar amount which will be granted to the Pet Caretaker for carrying out their duties. If no funding is to be provided to the Pet Caretaker, tick the box marked “No Funding.”

Step 7 – Part (iii) of Section C, Article 4 asks for the name and address of the person who will accept the responsibility of overseeing the Pet Caretaker’s expenditures relating to the care of the Grantor’s pet.

Step 8 – The final section that needs to be completed under Article 4 is Section D, “Residuary Property.” Enter the names, Social Security/Tax ID numbers, and addresses of the Beneficiaries who will receive any income and properties from the trust that have not yet been distributed.

Step 9 – To limit the number of accounting requests made by Beneficiaries, enter a number and tick either the “Months” or “Years” checkbox under Article 10, “Accounting.”

Step 10 – A Successor Trustee and a 2nd Successor Trustee must be appointed in Article 13. Write both their names and addresses.

Step 11 – Under Section I of Article 17, select either the first checkbox or the second, depending on whether the Grantor wishes the Trustee to receive compensation or not.

Step 12 – A number of days need to be provided under Article 15 in order to put a limit on the time period an individual or organization has to make a claim on the Trust.

Step 13 – Article 17 asks for the marital status of the Grantor. Select the first box if the Grantor is not married or select the second if they are. If the Grantor is married, the spouse’s name must be entered.

Step 14 – Under Article 18, provide the names of the Grantor’s children.

Step 15 – There is a section for the exclusion of any individuals and/or organizations from the Trust under Article 21. Provide the names of any individuals or organizations that are not to benefit from the contents of the Trust.

Step 16 – Article 22 requires the Grantor’s, Trustee’s, and Successor Trustee’s signature. They must also enter their printed name, and the date the document was signed.

Step 17 – The second to last page includes a Self-Proving Affidavit. This page must include the following information:

  • State
  • County
  • Grantor’s signature
  • Trustee’s signature
  • Successor Trustee’s signature
  • 2nd Successor Trustee’s signature
  • Two (2) witness signatures
  • Dates beside each signature

The last section must be completed and signed by a notary public.

Step 18 – The final section, labeled Attachment A, should include a list of all assets assigned to the Trust.