South Dakota

What makes South Dakota a popular state for trust creation?

South Dakota is known for its favorable trust laws, which include robust asset protection features and no state income tax on trusts. These attributes can make the state an attractive option for those looking to minimize taxes and maximize asset protection in their estate plans. Additionally, South Dakota offers the flexibility of perpetual trusts and modern trust laws that favor long-term family wealth planning. Such provisions are especially beneficial for those seeking to preserve family wealth across generations.