News Releases

Updated South Dakota Trust Law Deskbook Now Available

10.01.14

Lindquist & Vennum’s South Dakota Trust Law Deskbook has been updated to reflect changes made in the past year. Copies of the book and the 2014 update packets are available upon request by emailing Sarah Ettesvold at settesvold@lindquist.com.

The deskbook is a practice aid which compiles selected South Dakota statutes and administrative rules relating to trust law and private trust companies. Topics include taxation, judicial remedies, uniform probate code, property, banks and banking, fiduciaries and trusts, and administrative rules. The deskbook is intended to be used as a statutory resource by wealth advisors, trust officers, attorneys, and family office professionals across the country.

South Dakota is nationally recognized by professional advisors, industry publications, and wealthy families as a top jurisdiction for trust situs considering the state’s favorable trust laws, legislative awareness, a responsive judiciary, and business-friendly regulatory climate. The state has no rule against perpetuities, no income tax, and expansive domestic asset protection trust laws applicable to all U.S. citizens, resident aliens, and non-resident aliens. The state also offers low capitalization requirements for trust companies and reasonable insurance rates. South Dakota’s judiciary is responsive and willing to accommodate trust and estate matters, including holding emergency hearings and permitting the immediate sealing of trusts for those seeking privacy.

Lindquist & Vennum’s South Dakota Trust Law Practice 
Wealthy families and family offices turn to Lindquist’s South Dakota Trust Law practice for trust creation, reformations, modifications, decanting, conversions, and a variety of other legal needs. Family office personnel appreciate the group’s collaborative, goal-oriented advice and the close relationships the practice maintains with trust companies and banks who serve as qualified trustees in South Dakota. The group saves clients time and money by drafting documents that readily meet the approval of the major South Dakota banks and trust companies. South Dakota’s flexible trust laws are designed to help clients and their advisors achieve goals that may be impossible or impractical in their home state. Lindquist’s experienced Trusts & Estates attorneys serve as lead counsel, local counsel, or as consultants to fiduciaries, families and their advisors. Visit www.lindquist.com for additional information.

Contact
LaFromboise, Antoine J.
Communications and Brand Manager
T 612.371.3269

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