Terry N. Prendergast
Terry N. Prendergast
Trust Company Attorney
Terry Prendergast is a South Dakota trusts and estates and trust company attorney at Davenport Evans. Terry joined the firm in 2017 with a prestigious career of nearly 40 years practicing law in Sioux Falls. Interacting with counsel and clients across the country and the world, Terry extols the virtues of South Dakota’s top-in-the-nation trust laws, flexible procedures and low tax environment, stating, “To open up people’s eyes to one of the best kept secrets in business—that South Dakota has a flexible, advantageous and responsive environment for business, estate and wealth planning, gives me great satisfaction.”
Terry’s professional background:
- Provided legal counsel to hundreds of trust clients with trusts containing assets ranging from a few thousand dollars to over $5 billion.
- Worked with trust company clients with over $180 billion of assets under management in South Dakota.
- Worked on transactions ranging from $5,000 to $300 million dollars.
- Served as special counsel for multiple institutes of higher education in South Dakota, and as hearing examiner for the South Dakota Board of Regents.
- Served as special counsel for the formation of three public captive insurance companies for the State of South Dakota, its agencies, and various authorities for the State of South Dakota.
- Served on Governor’s Task Force on Trust Administration Review and Reform, 2010-2018.
- Past Bar Commissioner, Past Chair, Law School Committee and Continuing Legal Education Committee, State Bar of South Dakota.
- Past Member, USD Law School Foundation.
Terry has received an AV Preeminent® Peer Review Rating by Martindale-Hubbell®, for the highest level of professional excellence for his legal knowledge, communication skills and ethical standards. He has been selected to Best Lawyers® in the area of Trusts and Estates, the Best Lawyers® 2022 Real Estate and Infrastructure Edition in the area of Real Estate Law, and has also been ranked in the top 5% of practicing attorneys in South Dakota by Great Plains Super Lawyers in the areas of Estate Planning & Probate. Terry has a Band 1 individual ranking in the Chambers High Net Worth Guide in the area of Private Wealth law, and was ranked by Chambers and Partners in the area of Corporate/Commercial law. One Chambers commentator noted, he is “very good at creating trust companies and advising trust companies – he probably does more of that than any other lawyer in the state.”
Terry worked his way through college as a sports reporter for the Sioux Falls Argus Leader during the school year and sold books door to door for the Southwestern Company during 6 summers. As a die-hard sports fan, Terry helped in the start of the Northern League (the first independent professional baseball league) in 1992. He was a co-owner of the Sioux Falls Canaries independent minor league baseball team with Mike Veeck from 1998-2009, and can tell you about some crazy Mike Veeck promotions.
Terry is also active in the community. He is Past President and Board Member of both the Lutheran Social Services and Lutheran Social Services Foundation, Past President of the Siouxland Heritage Museums, Past President of the Sioux Falls Downtown Kiwanis Club, Past President and Board Member of Feeding South Dakota—Food Service Center, Inc., Past President and Board Member of the Howard Wood Dakota Relays, Past Chair of the Elks Youth Services Committee, and current Vice President and Board Member of the South Dakota School for the Deaf Foundation. He serves his church as Chancellor and is also on the Investigations Committee of the Dakotas Conference of the United Methodist Church.
While not at the office, you will find Terry spending time with his wife, Susan, two sons and a daughter-in-law. Terry enjoys all types of spectator sports, travel, and reading. You can always find Terry under the basket in the front row at Augustana basketball games helping the referees, or in the front row at Sioux Falls Canaries games assisting the umpire.
Statements on this page do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter or athletic season.
Davenport, Evans, Hurwitz & Smith, LLP in Sioux Falls, SD is pleased to announce that 18 Davenport Evans lawyers were listed in Best Lawyers® 2024 for South Dakota, in 22 different practice areas. In addition, two Davenport Evans lawyers were named 2024 Best...
On July 1 of each year, most of the legislation passed in the previous January-March legislative session takes effect, and there are a few items which may be of interest in the financial institution/trust sector. This year the Governor’s trust task force bill (SB 95)...
Lawyers from Davenport, Evans, Hurwitz & Smith LLP in Sioux Falls, SD have again been ranked Tier One by Chambers USA. In South Dakota, rankings are given in five categories: Corporate/Commercial Law, Corporate/Commercial: Bankruptcy/Restructuring, Labor &...
Thank you to all who joined us for the 16th Annual Davenport Evans Banking Seminar, Friday, April 21, at The Country Club of Sioux Falls. Click on the images below, or click through the image viewer, for photos from the day. The seminar began with a hot breakfast and...
Davenport, Evans, Hurwitz & Smith, LLP in Sioux Falls, SD is pleased to announce that 17 Davenport Evans lawyers were listed in Best Lawyers® 2023 for South Dakota, in 22 different practice areas. In addition, three Davenport Evans lawyers were named 2023 Best...
Davenport, Evans, Hurwitz & Smith, LLP has again received a top ranking in Chambers High Net Worth 2022 in the area of Private Wealth Law. Objective, independent and research-based, the Chambers High Net Worth guide recognized the world’s leading high net worth...
Davenport Evans Lawyer Terry N. Prendergast will present Pandora Papers: The Rest of the Story on May 19, from 11:30 a.m. - 1 p.m. at The Journey Museum in Rapid City, SD. The presentation is a featured event in a series by the West River Estate and Financial Planning...
The 2022 South Dakota legislative session ended March 28, 2022, with 245 bills passed and signed by the Governor. All told, there were 340 House Bills, 14 House concurrent resolutions, three House Joint resolutions, five House resolutions, 213 Senate Bills, 8 Senate...
Best Lawyers®, the oldest and most respected guide to the legal profession, has announced the release of the 2022 Best Lawyers: Real Estate and Infrastructure Edition. This publication features more than 16,000 lawyers recognized in the 2022 editions of The Best...
Understanding the impact and vital importance of true and accurate information regarding the recent release of the Pandora Papers, Bridgeford Trust Company – in an effort to tell the rest of the story and clarify the facts – organized and produced this very timely and...
Davenport, Evans, Hurwitz & Smith, LLP
Of Counsel: 2017 – present
Redstone Law Firm LLP
(formerly Murphy, Goldammer & Prendergast)
2003 – 2017
Boyce, Murphy, McDowell & Greenfield
1979 – 2002
Law Clerk to Honorable Fred J. Nichol, Chief Judge, U.S. District Court of South Dakota
1978 – 1979
(B.A., with honors, 1975)
University of South Dakota School of Law (J.D., with highest honors, 1978)
University of South Dakota
Admitted to Practice (State):
South Dakota, 1978
Admitted to Practice (Federal):
United States District Court, South Dakota, 1978
United States Tax Court, 1981
United States Court of Appeals, Eighth Circuit, 1982
United States Supreme Court, 2016
Governor’s Task Force on Trust Administration Review and Reform,2010-2018
Author: Terry N. Prendergast, South Dakota Special Spousal Property Trusts: South Dakota “Steps-Up” to the Plate and Hits a Home Run for Surviving Spouses, 61 S.D. L. Rev. 431 (2016).
Protecting what you’ve built.