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Commonly Asked Questions about South Dakota Trust Forms

Doing so is an excellent decision because having a living trust will allow you to create a strong estate plan and protect all your assets after you die. Living trusts in South Dakota have favorable laws that give you a chance to securely house all your assets and have massive control over your wealth distribution.
The maker of the will (called the testator) be at least eighteen (18) years old and of sound mind. The will must be written. (An oral will may be considered legal only in certain unusual circumstances.) The will must be witnessed strictly in ance with the law.
How much does a Trust cost in South Dakota? The cost of setting up a trust in South Dakota varies depending on the complexity of the trust and the attorneys fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000.
Who Gets What in South Dakota? If you die with:heres what happens: children but no spouse children inherit everything spouse but no descendants spouse inherits everything spouse and descendants from you and that spouse spouse inherits everything3 more rows
To make a living trust in South Dakota, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trusts beneficiariesthat is, who will get the trust property. Create the trust document.
South Dakota is a pure no income/capital gains tax state for trusts.