Foley Pearson Riekkola Iverson, P.C.

01/12/2026

From our newest newsletter, check out Melanie Iverson Kaufman's article on things to consider when you move out of Alaska with an Alaska-based estate plan.

We often get questions about what happens to an estate plan if a person moves out of state. Relocating to a new state can have many financial and legal implications, especially when it comes to estate planning. Laws governing powers of attorney, health care directives, taxes, and property ownership....

09/12/2025

From our latest newsletter, see William Pearson's thoughts on how the One Big Beautiful Bill Act allows more certainty in your estate tax planning.

With the enactment of the One Big Beautiful Bill Act (OBBBA), tax planning and advisors now have more certainty in the estate tax planning landscape. Prior to the OBBBA being signed into law, the question was whether the estate and gift tax exemption of $13.99 million would be extended, or be subjec...

05/02/2025

From our latest newsletter, click below to read Chelsea Ray Riekkola outlining the various factors that you should consider when naming your Successor Trustees.

by Chelsea Ray Riekkola Selecting a Trustee is one of the most important decisions you will make in setting up a trust-based estate plan. The Trustee is the person (or institution) responsible for managing trust assets, following the terms of your trust, and working with beneficiaries and profession...

02/07/2025

From our latest newsletter, see Melanie Iverson Kaufman's latest article regarding the final regulations of the SECURE Act passed in September 2024.

by Melanie A. Iverson Kaufman The final regulations for the SECURE Act became effective on September 17, 2024. The SECURE Act, first passed in December 2019, made sweeping changes to how retirement accounts are administered. The final regulations answer some of the outstanding questions that remaine...

10/04/2024

From our latest newsletter, hear from guest author Chuck W. Ray, Jr. on the potentially underexplored benefits of umbrella insurance as a part of your estate planning.

guest article by Attorney Chuck W. Ray, Jr.1 This is a follow-up to the excellent piece in the January 2024 newsletter by Emil Betro on umbrella insurance. As Emil pointed out, reading your excess policy is a good idea. When you do that, you will almost certainly see that your umbrella policy is “...

05/03/2024

From our newest newsletter, see Chelsea Riekkola's breakdown of the many strategies you could use to transfer your IRAs.

As estate planning attorneys, one of our jobs is to advise clients on the handling of assets that pass outside of their living trusts. Individual Retirement Accounts, also known as “IRAs,” are a common retirement savings tool that many clients have in their portfolios. We often get questions abo...

01/05/2024

From our newest newsletter, check out Bill Pearson and Melanie Iverson Kaufman's article on how to begin planning for 2026 and beyond.

The current estate and gift tax exemption, also known as the unified credit, is the amount a person can transfer to a non-spouse U. S. citizen free of estate or gift tax. In 2024 the exemption will be $13.61 million, but it is scheduled to sunset in 2026 to approximately half that amount. Barring an...

09/08/2023

From our newest newsletter, check out the latest article from Chelsea Riekkola, telling you about what you need to know when you receive an inheritance trust.

Part III of our series on post-mortem trust administrations of trusts discussed the difference between receiving an inheritance “outright,” and receiving an inheritance “in trust.” Part IV of the series addresses what beneficiaries of inheritance trusts need to know in order to understand, m...

05/02/2023

From our newest newsletter, check out Chelsea Riekkola's article continuing to review how a post-mortem administration works, namely, how your beneficiaries receive their bequests.

At the death of the surviving spouse Trustmaker (or at the death of a single Trustmaker), the trust enters its final phase of administration. At the conclusion of this administration, no assets should remain in the name of the Living Trust, Family Trust, QTIP, or in the name of a Trustmaker. So, whe...

04/06/2023

Foley & Pearson is proud to sponsor NordicX! Come watch Olympic, World Cup, and local Alaskan skiers battle it out in an action-packed event with big air, wipeouts, high speeds, and good times! NordicX will be spring festival fun for the whole family!

The spring sun will be out, the festival will have firepits, food and drinks, a vendor village, food trucks, swag, prizes, and more! There's a mini-terrain park for the young skiers to play in all day! Bring your little ones and their cross-country skis, and let them have the time of their lives! Free for spectators and families.

Saturday, April 8th - Hilltop Ski Area - 11am