Senate committee hears sweeping trust-law changes in SB 225; debate centers on sealing records and attracting business SB 225 would modernize Alaska trust law—adding privacy protections, expanding nonjudicial settlement authority, clarifying fiduciary and decanting powers, and shortening creditor lookback periods. Committee members raised concerns about sealing financial records and possible caps on privacy; SB 225 was set aside for further review.

Alaska's Senate Bill 225 proposes groundbreaking updates to trust law, sparking a heated debate on privacy and financial transparency.

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