South Dakota was the first state in the nation to abolish the Rule Against Perpetuities in 1983, clearing the way for the creation of the Dynasty Trust. A Dynasty Trust, not available in all states, is a powerful planning tool that essentially allows a trust to live in perpetuity (forever), therefore never subjecting the assets to federal estate taxation through a forced distribution.
Watch the video below to learn how Dynasty Trusts work and why South Dakota has been ranked as the top Dynasty Trust state in the nation by Nevada attorney, Steve Oshins.
For more information regarding Dynasty Trusts, please contact Bridgeford Trust via our contact page.
