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From a legal standpoint, the trust itself is the official owner of any assets that have been retitled and transferred into it not you as an individual.
Creating a living trust in South Dakota gives you control over your assets during life and after death. While your assets are owned in the name of the trust, you will continue to use them as you normally would, so nothing in your daily life changes.
Living trusts in South Dakota The assets in the trust will be managed for your benefit during your life by the trustee. You can select anyone you wish to be your trustee, but most people simply select themselves. If you choose yourself, you will also need a successor trustee who can take over after your death.
If Real Estate Is in the Trust Who owns real estate is always a matter of public record. Anyone can look up a particular parcel of real estate in the local land records office (often called the county recorder or registry of deeds, depending on where you live) and find out who owns it.
Establishing and maintaining a living trust often involves a substantial amount of paperwork. Unlike a will, which may be simpler to execute, a living trust demands meticulous attention to detail and ongoing documentation. Maintaining accurate records is crucial for the success of a living trust.
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South Dakotas trust laws provide a significant advantage in terms of flexibility and control. Even if your trust is irrevocable, you can make modifications. The state also allows for easy decanting (moving assets from one trust to another) for trust issues that cannot be resolved through non-judicial modification.

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