Every two years since 2010, Trusts and Estates Magazine has compared all 50 states in the United States to determine where the best state is to situs your trusts. The magazine does extensive studies on numerous factors such as top states for dynasty trusts, income, inheritance and estate taxes, modern trust laws, asset protection laws, decanting, modification, and flexibility, special purpose entities, privacy laws, and virtual representation, and private family trust companies. South Dakota has finished on top in the comparison in 2010, 2012, 2014, 2016, 2018, and 2020. Again in 2022 for the seventh straight year, South Dakota finished on top in the top tier of states.
For more information on South Dakota trusts, contact Davenport Evans trust lawyers at 605-336-2880 or info@dehs.com.