"Put Your Trust In South Dakota"
Each state has its own set of trust laws. The state of South Dakota is considered one of the top states to set up a trust because of the favorable trust laws. No matter where you live you can take advantage of the benefits and flexibility afforded with a South Dakota trust. Here are some specifics of the South Dakota advantage:
- No State Income Tax on income, capital gains, dividends, interest, intangibles or any other income
- Unlimited trust duration
- Self-settled asset protection trusts
- Third party discretionary trust laws for asset protection
- Some of the best privacy statutes for trusts in the United States
- Modern trust laws that allow for directed and delegated trusts
- Flexibility and control over or input on investment and distributions decisions
- Efficient and cost-effective processes for trust modification, reformation, decanting and virtual representation
South Dakota vs Minnesota Trust Law Desk Reference Guide