• benefits
  • 333 West Boulevard, Suite 305
    Rapid City, South Dakota 57701
    phone: 800-330-7207
    605-718-5722
    fax: 605-718-5712
    wiles@northpointtrust.com

Benefits of a South Dakota Trust

South Dakota is preferred jurisdiction for trusts for many reasons, some of which include:

  • South Dakota has no limit on the life of its trusts;
  • There is no South Dakota state income tax for the trusts or the individuals who are the trusts’ beneficiaries;
  • South Dakota offers substantial protection from creditors of beneficiaries;
  • South Dakota, as a part of the United States, governs only U.S. trusts, not foreign trusts, which can experience numerous difficulties with the U.S. testing authorities and other U.S. and foreign entities.