No state income tax, and 5 other reasons to consider establishing a personal trust in South Dakota
Oct 31, 2024
If you’re considering establishing a personal trust, or an advisor working with a client to establish their trust, you’ll find you have options when it comes to selecting what jurisdiction to use.
In most instances, you do not need to be a resident of the state or jurisdiction you wish to utilize. There are a handful of U.S. states with favorable trust laws, and you can employ the charter of a corporate trustee to take advantage of these benefits. South Dakota has become a highly favorable jurisdiction…