South Dakota offers very favorable laws for creating a trust in the United States to protect one’s assets from most creditors. We can help with the preparation of either domestic or offshore asset protection trusts designed to lawfully shelter assets from lawsuits, judgments, tax liens, probate, taxes or creditors.
If our state is known for anything in estate planning, it is being in the forefront on generation-skipping trusts. South Dakota was early to repeal the rule against perpetuities to allow trusts to continue for all generations. These long-term trusts can be prepared for the benefit of your descendants and are designed to pass family wealth from generation to generation while minimizing potential tax liability.
We can assist with the preparation of trusts to hold new or existing life insurance policies which are designed to remove proceeds from possible estate tax liability or to fund payment of potential estate tax liability.
The lawyers in our firm have extensive experience in representing trustees or beneficiaries of trusts in all aspects of trust formation, administration, trustee succession, or litigation of disputed trust matters. See Trust Administration and Trust Litigation.
Many trustees and creators of trusts desire to find favorable laws and taxation of trusts. South Dakota has those benefits and we can establish and administer trusts situated in South Dakota which are designed to take advantage of favorable tax and trust administration rules in this state.
Our firm has represented corporate trustees, individual trustees, beneficiaries, or creditors of trusts in disputed trust matters, both in and out of court.
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