Davenport Evans lawyer Terry Prendergast recently spoke on the benefits of South Dakota trust laws on the WealthManagement.com webinar, “Picking the Best Trust Situs for Your Client.” You can view Terry’s presentation online, commencing at 47:00 into the webcast.
Picking the Best Trust Situs for Your Client
The jurisdiction you use to situs a trust can affect many aspects of the trust, including the amount of taxes your client will pay, how the trust is administered and whether the trust assets will be protected from creditors. Some jurisdictions are more favorable than others, and it’s important to stay up-to-date on the laws of those jurisdictions to help pick the one best suited to your client’s needs.
Davenport, Evans, Hurwitz & Smith, LLP, located in Sioux Falls, South Dakota, is one of the State’s largest law firms. The firm’s attorneys provide business and litigation counsel to individuals and corporate clients in a variety of practice areas. For more information about Davenport Evans, visit www.dehs.com.