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> "Dynasty trusts can be created in South Dakota for families who do not live in the state. South Dakota allows trusts to continue in perpetuity, avoiding feder
by yboris 3y ago
> "Dynasty trusts can be created in South Dakota for families who do not live in the state. South Dakota allows trusts to continue in perpetuity, avoiding federal transfer taxes for generations. The state does not impose any form of taxation (income, dividend interest, capital gains) on these trust assets."
- imhoguy 3y agoCan it be created by non-resident e.g. EU citizen?
- codedokode 3y agoAren't there federal taxes?
- elzbardico 3y agoWhat is the point for South Dakota if they don't collect taxes? Just being conservative assholes against the other states? Being ideological jerks?
- SXX 3y agoThere are still high-paying jobs for those maintaining this infrastructure as well as income for law and accounting firms serving them. Cashflow is always good even without taxes to collect.