Privacy is of paramount concern to wealthy families which is one of the primary reasons billions of dollars have been and are being moved into South Dakota for trust administration from across the nation and around the globe. Most states do not have provisions protecting trust information from being revealed to beneficiaries or to the public during litigation, and those that do pale in comparison to South Dakota’s robust trust privacy law, as indicated by Trusts & Estates Magazine in January of 2020,
“Of the top tier trust jurisdictions, South Dakota has the best trust privacy laws.”
For more information on South Dakota’s privacy advantage, click here. And as always, reach out to our team with any additional questions via our contact page.
As an independent, full service trust company with South Dakota Trust powers, Bridgeford Trust Company provides independent, collaborative, and world class multi-family office and third party fiduciary services to domestic and international families.
Bridgeford Advisors, Inc. is a legally distinct sister company of Bridgeford Trust Company and coordinates consultative, planning, business development, and marketing support at locations in New York, California, Florida, South Dakota, and Pennsylvania.