FAQs for Alaska Probate
Probate laws vary state to state so it is important that you understand the laws in your state. There are key differences that make dealing with probate in Alaska unique.
1. Can Probate be avoided in Alaska?
In Alaska, you can avoid Probate if you set up a trust. Otherwise, you will most likely have to go through probate when someone passes away.
2. How long does Probate Take in Alaska?
The probate process in Alaska can be frustratingly long. It can take anywhere from 9 months to over 2 years, depending upon the complexity of the estate, the number of heirs, and the speed of the local court administering the case. If the Will is being contested, probate can drag on for even longer – sometimes taking several years. And that was pre-pandemic so now we are seeing more delays. Parker & Cole can get you funded long before the probate process is completed.
3. How can I speed up the probate process in Alaska?
Unfortunately, there is no real way to speed up the probate process, as it is required to go through the Courts which are currently backlogged. However, Parker & Cole can be the ideal solution to access a portion of your inheritance while you wait for the estate to close and disburse. The experienced professionals at Parker & Cole can guide you through the process making it easy to get the money you need as quickly as the same day.
4. Can I get a Probate Advance in Alaska?
Yes. Parker & Cole works in all fifty states and in all of Alaska’s counties, including, but not limited to the following:
- Aleutians East Borough, AK
- Anchorage Borough, AK
- Bristol Bay Borough, AK
- Denali Borough, AK
- Fairbanks North Star Borough, AK
- Haines Borough, AK
- Juneau Borough, AK
- Kenai Peninsula Borough, AK
- Ketchikan Gateway Borough, AK
- Kodiak Island Borough, AK
- Lake and Peninsula Borough, AK
- Matanuska-Susitna Borough, AK
- North Slope Borough, AK
- Northwest Arctic Borough, AK
- Sitka Borough, AK
- Southeast Fasirbanks Borough, AK
- Yakutat Borough, AK
5. Does Alaska have an estate tax?
No, Alaska does not have an estate tax. The following states do have an estate tax:
- New York
- Rhode Island
- Washington (state)
6. Does Alaska have an inheritance tax?
No, Alaska does not have an inheritance tax. The following states do have an inheritance tax:
- New Jersey