South Dakota is known for its breathtaking scenery, vivid history – and favorable income tax and estate planning laws. The state has such favorable laws that our estate planning attorneys are often asked if a non-resident can establish a trust in South Dakota to take advantage of the tax and other fiscal benefits.
The answer is yes! Stuart Green Law, PLLC, is a South Dakota trust law firm for non resident, offering custom trust and estate planning services for people living inside and outside the state. We’re here to help you protect your family and everything you’ve worked so hard for. Learn more about how our lawyers can establish a trust with just one phone call.
What Makes South Dakota So Favorable For Trusts?
South Dakota is one of just a few states that levy no state income tax—and this includes no state income tax on trust-derived income. The state also has favorable laws that can help protect your assets in other ways.
The laws protecting trusts are strong, including shielding assets and monies within the trust from creditors or from being considered in other legal entanglements. The state also has stringent privacy laws. Disclosing details about trust documents or the beneficiaries or beneficiaries is not mandatory. Your confidentiality and privacy are protected, as are those of the beneficiaries.
The state also has flexible options for trust administration. Families may establish a perpetual trust that lasts for generations and preserves family assets and property. State laws permit the option of a directed trust, in which the grantor may appoint different individuals or entities (like a South Dakota trust law firm for non-residents) to execute different roles of trust administration. You have more options for a customized trust that helps fulfill your goals.
How Our South Dakota Trust Law Firm For Non-Resident Can Help You
Did you know that non-residents can also benefit from the generous trust laws in SoDak? Our law firm can help establish and administer trusts in South Dakota, no matter which state you live in.
We are a trusted estate planning law firm offering custom solutions for clients at all income levels. Our skilled SD trust attorneys have a deep knowledge of the statutes governing trust administration in the state and get to know you and your goals when providing personalized advice.
When you partner with us for your trust needs, you receive:
- Well-organized Trust Administration: You may not have an individual you trust to serve as a trust administrator – that’s normal, and that’s where we come in. Our lawyers can administer the trust on your behalf. We take our fiduciary responsibilities seriously.
- Custom Solutions: Your attorney gets to know you and your family, your goals and obligations, and then presents solutions to help you achieve them.
- Dedicated Client Representation: We prioritize transparency and open communication, developing strong relationships with generations of clients.
How Can We Assist With Your Estate Planning Needs?
Securing your family’s future starts with well-constructed trusts to provide for them and protect everything you’ve worked so hard for. Our South Dakota trust law firm for non-resident can help you establish and administer a trust, even if you don’t live in SD. Contact Stuart Green Law, PLLC, today for a consultation.