Welcome to South Dakota Trust Company's Private Family Trust Company Website!
South Dakota Trust Company (SDTC) is the industry leader in assisting with both the setup and operation of a Private Family Trust Company (PFTC). A PFTC is generally a LLC that qualifies under state laws to be a trust company. It is owned and operated by the family and provides fiduciary and wealth management services to that family.Traditionally, families have chosen as their trustees: family members, advisors and/or commercial trustees with whom they have had personal, professional or business relationships with over the years. PFTCs allow them to still involve these family members, advisors and institutions in similar functions while serving the PFTC. Additionally, the PFTC provides the family with several advantages and benefits they could not otherwise attain.
South Dakota has been identified by several wealthy families and their advisors as the top jurisdiction in the U.S. for PFTCs. SDTC serves as corporate agent and/or trustee agent for several PFTCs established in South Dakota. The process and cost to establish a PFTC in South Dakota as well as the ongoing administration and maintenance is very favorable as compared with other trust jurisdictions. Additionally, the trust and tax laws in South Dakota are the country's best!