Estate planning options at Dacotah Bank
There are two ways to keep your Dacotah Bank accounts out of probate: adding beneficiary designations and structuring ownership to align with your estate plan. Which approach works best depends on the account type and your overall estate plan.
Dacotah Bank has 26 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
Contact Dacotah Bank directly for information about adding or updating beneficiary designations on your accounts.
Why trust accounts are not available
Dacotah Bank does not currently support retitling accounts into a trust. The alternative is to name a trust as the Transfer on Death beneficiary, which provides similar probate-avoidance benefits while keeping the account in the individual's name.
Free Checking
Green Checking
A checkless account paid through the debit card and digital payments, with small rewards per debit card transaction and direct deposit.
Interest Checking
Gold Checking
Pays interest from a $1,000 minimum daily balance. Opened through a banker rather than online.
Gold Plus Checking
Tiered interest from a $5,000 minimum daily balance. Opened through a banker rather than online.
Money Market Savings
Gold Money Market
Money Manager Account
Young Dacotah Money Market
Certificates of Deposit
An early withdrawal penalty may apply.
Funeral Trust
Listed with its rate on the consumer rate sheet; no product page describes the account.
Bronze Checking
Silver Checking
Blue Checking
Platinum Business Checking
Gold Business Checking
Essential Business Money Market
Elite Business Money Market
The page gives two opening figures for this account: its feature list asks for a $100 deposit and its comparison chart shows $50,000 to open.
Trust and Wealth Management
Estate planning, estate settlement, trustee services, South Dakota directed trusts, elder care bill paying and farm and ranch management by the bank's Trust and Wealth Advisors in Aberdeen, Bismarck, Rapid City, Sioux Falls and Watertown. Investment products are not FDIC insured.
Variable Rate IRA Certificate
A 36-month variable-rate IRA certificate of deposit whose rate the bank may reset monthly to its current 36-month CD rate.
Sources
(2)·
Data sourced from Dacotah Bank primary sources (25 pages reviewed). How we research.
Dacotah Bank estate support
Trust and Wealth
Phone
Office
Mailing address
Website
Estate planning articles
Learn how to protect your Dacotah Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
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New Home
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Retirement
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Free forms for planning your estate: will, living trust, pour-over will, powers of attorney and TOD deed. Prepare each form for your state and download the PDF.
Revocable Living Trust
Create a revocable living trust to avoid probate, protect privacy, and control asset distribution.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Codicil to a Will
Add, revoke or replace provisions of your will and republish the rest, signed as your state requires for a will.
Tools for Planning Your Estate
Free tools for planning your estate: will and trust costs, trust or TOD deed, and the signing rules. Run each tool for your state and read its answer.
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How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
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Do I Need a Revocable Trust?
Find out if a revocable trust makes sense based on your state, estate value, and family situation.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Is the Federal Gift Tax?
Whether a gift owes federal gift tax, how much of the annual exclusion and lifetime exemption it uses, and whether Form 709 is due.
What Does Estate Planning Actually Cost?
Compare costs across estate planning providers including online services and attorneys.
