A dynasty trust is a powerful estate planning tool that allows families to preserve and transfer wealth across multiple generations while minimizing taxes. South Dakota trust law has become a popular jurisdiction for establishing dynasty trusts due to its favorable trust laws. In this blog post, we will explore the key features and benefits of dynasty trusts under South Dakota trust law for advisors' clients, grantors, and beneficiaries.
2 Learning Outcomes from this blog post:
- Understand the benefits of establishing dynasty trusts under South Dakota trust law, including wealth preservation and creditor protection.
- Gain knowledge of the key features of dynasty trusts in South Dakota, such as perpetual duration, no state income tax, and the option for directed trusts.
Let's dive right in.