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It’s a common question that we hear from families, trustees, attorneys and financial advisors – “can non-residents create trusts in South Dakota?”
It’s not an unreasonable question. And the simple answer is – yes.
Most families who are thinking of creating a trust – or who have an existing trust – likely created that trust within the state that they currently reside in (or resided within previously).
In the world of estate planning and asset protection, trusts shine as powerful tools offering a wealth of benefits.
Your goal is to make the right decision about where to establish your trust.
Among the jurisdictions renowned for their favorable trust laws, South Dakota emerges as a top choice for trust formation.
Exploring South Dakota Trusts
South Dakota boasts progressive trust laws and a tax-friendly environment, making it an appealing destination for establishing trusts. Its legal framework provides numerous advantages:
Can Non-Residents Establish Trusts in South Dakota?
Absolutely. You have the option to establish and manage your trust in the state of South Dakota, irrespective of whether you or your beneficiaries reside within its borders.
This allows individuals to access the benefits of South Dakota trust laws without the necessity of relocating across state lines.
Benefits for Non-Residents
Non-residents stand to gain the same advantages and protections as residents when establishing trusts in South Dakota.
Whether focused on estate planning, asset protection, or tax optimization, the state offers a conducive legal framework to fulfill their objectives.
Partnering with Independent Trust Company
Independent Trust Company stands out as a trusted provider of trust and fiduciary services, specializing in South Dakota trusts.
With a deep understanding of South Dakota trust law, they offer:
South Dakota trusts offer unparalleled advantages for residents and non-residents alike. With the expertise of Independent Trust Company in trust formation and administration, clients can confidently achieve their estate planning and asset protection goals.
To learn more about how Independent Trust Company can assist in creating a trust in South Dakota, contact us today. Your journey towards securing your financial future begins here.
If you are ready to take advantage of South Dakota trust law, contact us today.
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The Independent Trust Company can help you select the right trustee for your family’s legacy for years to come.
We are a South Dakota Trust Company helping families succeed with generational wealth transfers by preserving their assets – as well as their legacy.
Please contact us here to begin the process. Or please call us at (605) 737-5100.
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