Supplies protection against lenders for irrevocable trusts provided the trust has a grantor who"s a discretionary beneficiary. In order for the statute to be appropriate, these demands have to be satisfied: 1. One or more of the trustees have a primary place of business in Alaska or must reside in Alaska. 2. A portion of the assets of the trust must be on deposit in a bank account, brokerage account or another account that was similar. 3. The records of the trust have to be physically positioned in Alaska, as well as a portion of the management of the trust must occur in Alaska.