Trust Administration

Davenport Evans Law Firm, in Sioux Falls, SD, has the most comprehensive trust company and trust administration practice of any law firm in the region.

Trust Administration attorneys have expertise in all matters of trust administration. From filing annual reports on behalf of trustees to modifying, reforming, and decanting trusts pursuant to South Dakota law, the trust administration practice group at Davenport Evans can help guide clients through the judicial process or navigate non-judicial remedies when appropriate. The trust administration attorneys at Davenport Evans regularly work with out of state counsel and institutions to migrate trusts to South Dakota to take advantage of South Dakota’s top-tier trust laws.

Some areas in which the trust administration attorneys at Davenport Evans can assist include modification, decanting, reformation, division, merger, consolidation, severance, directed trust conversion, unitrust conversion, termination, removal or appointment of trustee, advisor, or trust protector, virtual representation questions, trustee liability, and changing situs and governing law, among a wide variety of other issues.

Davenport Evans estate planning and trust attorneys include: Sarah Richardson Larson*, P. Daniel Donohue*, Catherine A. Tanck, Terry N. Prendergast, Matthew W. Van Heuvelen (SD, IA), Mark R. Krogstad (SD, MN), Mary A. Akkerman* (SD, IA, MN, FL), Lori M. Rensink (SD, MN), Pedro N. Assis, Alex J. Hoffman, and Elliot J. Knuths.

Trust Resources

Trust Companies

Davenport Evans lawyers have the most comprehensive trust company and trust administration practice of any law firm in the region. With expertise in every aspect of trust company formation and operation, Davenport Evans is able to provide valuable advice at every stage of a trust company’s life. The firm’s attorneys are experts not only in South Dakota trust company law, but also with respect to State trust law and Federal income and transfer tax law.

Davenport Evans can provide assistance with the organization of a trust company, the charter application process, the initial operating structure, governing documents, policies and procedures, and ongoing operational issues. Davenport Evans also helps clients navigate South Dakota terrain – assisting with the location of office space, directors, employees, and other needed service providers. After the trust company is operational, the firm offers services to address complex trust administration issues, including trust decanting and the modification and reformation of irrevocable trusts.

The attorneys at Davenport Evans have assisted in the formation of approximately 65% of the state’s chartered trust companies and currently count over 80% of South Dakota’s chartered trust companies among the firm’s clients.

Davenport Evans lawyers regularly advise family offices in the creation of trust companies.

Learn about Trust Companies and Trust Litigation at Davenport Evans.

 

 

*Denotes a member of the American College of Trust and Estate Counsel (ACTEC). The American College of Trust and Estate Counsel is a national organization of approximately 2,500 lawyers elected to membership by demonstrating the highest level of integrity, commitment to the profession, competence and experience as trust and estate counselors. Its members work to teach those who enter the field and to improve and reform laws, procedure and standards while working with their peers and other professional organizations. P. Daniel Donohue is a member of the Board of Directors of the American College of Trust and Estate Counsel Foundation.

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