Traditionally, families
have chosen as their trustees, family members, advisors
and/or commercial trustees with whom they have had professional or
business relationships with over the years. There are now many
compelling reasons for families to establish their own Private Family
Trust Companies (PFTCs). PFTCs allow them to involve these family
members, advisors and institutions, all with the goal of providing
fiduciary and other wealth management services to the family, through
the family owned 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 US for Private Family Trust
Companies.
South Dakota Trust
Company, LLC (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!
