Flexible trust planning has never been more important as a result of current and future health, political, economic, and tax uncertainty. Modern directed trusts are one of the best vehicles to provide wealth preservation along with flexibility intergenerationally. Whether the federal estate, gift and GST Tax exemptions are high, low or repealed altogether, trusts still make sense for a multitude of non-tax reasons.
The most important difference between South Dakota Trust Company (SDTC) and other trust companies and departments is our attitude in working with our clients. SDTC will normally start from the position that we play a fiduciary role as a co-trustee, "delegated" trustee, or "directed" trustee working with one or more family members and/or family advisors (e.g., investment managers, CPAs, attorneys, insurance advisors, financial consultants, and planners, etc.). SDTC seeks to find a way to ensure that all individuals involved in the administration and management of the trust complement each other. We provide quality service for the beneficiaries and heirs in consideration of their needs in the context of the deeply personal interrelationships within the family. Many times, a corporate fiduciary will demand or eventually seek total control in carrying out the trustee functions; this is not the case with SDTC. Our objective is not for the individuals, advisors and/or co-trustees involved to lose control, but rather to gain more control and to be able to execute their roles without being burdened by concerns over the trust administration functions.