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. 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.