Trusted Advisor, Family Friend Since 1992
CB&T Trust is an independent, private trust company located in Sioux Falls, South Dakota, that was founded to serve the trust management needs of CB&T Wealth Management’s world wide clients. A rarity in the world of wealth management, CB&T works exclusively with affluent individuals to oversee the growth and preservation of family legacies. By using our specialized capabilities to leverage opportunities offered by a South Dakota situs, we’re able to create wealth-management solutions that promise to remain effective for generations to come.
The South Dakota Advantage
South Dakota offers several advantages over other states for trust and estate planning purposes, including the following…
No state income tax. Trust income is generally taxed at both the state and federal levels. Because South Dakota currently has no state income tax, this reduction of your wealth is avoided.
No law against perpetuities. Most states require a trust to terminate at some point in the future. South Dakota law has no such requirement, so a properly structured trust could last as long as the grantor wishes and thereby avoid federal estate tax as long as the trust remains in effect. These types of trust are known as “Perpetual,” “Legacy,” or “Dynasty” trusts, and each is a powerful estate planning tool not available in most states.
Spendthrift provisions. South Dakota’s “spendthrift” laws offer a degree of protection to trust assets from the claims of creditors.
*CB&T is subject to annual audits by the Division of Banking.
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