Life Estate Deed Alaska Without A Will
Description
How to fill out Alaska Warranty Deed To Child Reserving A Life Estate In The Parents?
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FAQ
Are Handwritten Wills Legal in Alaska? In Alaska, a handwritten Will, also called a holographic Will, can be valid and enforceable. The same rules apply to handwritten Wills as apply to typed Wills, except with respect to the witness requirement.
If there is no Will, heirs of the deceased take on his death, so long as they survive by 120 hours. But they take "subject to administration," which means subject to a probate case being filed with the court.
If you die without a will in Alaska, your children will receive an "intestate share" of your property. The size of each child's share depends on how many children you have, whether you are married, and whether your children are also your spouse's children.
If you create a revocable trust, you will need to choose a Trustee and decide how the property will be managed after you die. If you want to avoid probate, you will also need to transfer ownership of all of your property to the revocable trust or name the revocable trust as a beneficiary of your property.