Estate planning at First National Bank Alaska
How to protect 13 First National Bank Alaska accounts — manage beneficiaries in-branch, fund a trust in-branch, and file claims through First National Bank Alaska's Wealth Management & Trust
Customer Service
First National Bank Alaska, PO Box 100720, Anchorage, AK 99510
Death Claims / Estate Services
First National Bank Alaska, PO Box 100720, Anchorage, AK 99510
How your First National Bank Alaska accounts transfer at death depends on how each one is titled and whether a beneficiary is on file. Of those, 10 can name a trust as beneficiary or be retitled into a trust. Getting these details right keeps assets out of probate and ensures they reach the intended recipients.
Managing beneficiaries at First National Bank Alaska is straightforward—changes can be made in branch, by mail, and by phone, typically taking 15-30 minutes in branch; longer by mail. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
First National Bank Alaska has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 13 account types at First National Bank Alaska.
View details →When someone dies
Death claim process
Contact First National Bank Alaska's Wealth Management & Trust to file a claim. 5-step process, 7 required documents, and contact information for survivors.
View details →For questions about any of these procedures, contact First National Bank Alaska's Wealth Management & Trust at 1-800-856-4362. Email inquiries can be sent to WMClientService@FNBAlaska.com.
First National Bank Alaska operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
Yes. First National Bank Alaska accepts both revocable and irrevocable trust accounts for checking, savings, money market, and CD accounts. Visit a local branch with your Certification of Trust (or full trust agreement), trustee identification, and the trust Tax Identification Number. Alaska is a premier trust jurisdiction under the Alaska Trust Act, offering favorable estate and tax planning benefits.
Yes. Existing deposit accounts (checking, savings, money market, CDs) can be retitled to your revocable living trust. Visit a First National Bank Alaska branch with your Certification of Trust and trustee identification. The process does not require closing and reopening the account if the same SSN or EIN is used. IRA accounts cannot be retitled to a trust.
Yes. First National Bank Alaska's Wealth Management and Trust department has provided fiduciary services since 1947. Services include trust administration, estate administration (serving as corporate executor or personal representative), investment management, and retirement planning. The team holds top industry designations including Chartered Financial Analyst and Certified Trust and Fiduciary Advisor. Contact the Wealth Management department at 800-856-4362 or email WMClientService@FNBAlaska.com.
First National Bank Alaska supports revocable trusts, testamentary trusts (established in a will), Alaska Community Property Trusts for married couples, Alaska Qualified Trusts created under Alaska statute, and charitable trusts. Alaska is considered a premier trust jurisdiction with favorable estate planning laws including no state income tax, capital gains tax, estate tax, or gift tax.
Yes. While IRA accounts at First National Bank Alaska cannot be retitled to a trust, you can name your revocable living trust as the beneficiary of your Traditional or Roth IRA. This may be useful for managing distributions to multiple beneficiaries or providing asset protection. Consult a qualified tax advisor before naming a trust as IRA beneficiary, as it may affect required minimum distribution rules for inherited IRAs.
Alaska offers significant estate planning advantages under the Alaska Trust Act. The state has no income tax, no capital gains tax, no estate tax, and no gift tax. Alaska also allows self-settled asset protection trusts (also known as Domestic Asset Protection Trusts), community property trusts for married couples, and dynasty trusts that can last up to 1,000 years. These benefits are available to residents of any state who establish an Alaska trust with a qualified Alaska trustee.
Sources
Data sourced from First National Bank Alaska primary sources (17 pages reviewed). How we research.
Customer Service
First National Bank Alaska, PO Box 100720, Anchorage, AK 99510
Death Claims / Estate Services
First National Bank Alaska, PO Box 100720, Anchorage, AK 99510
Estate planning articles
Learn how to protect your First National Bank Alaska accounts and other assets with trusts, beneficiary designations, and estate planning documents.
