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Little Tax Haven On the Prairie.
- Source :
- Bloomberg Businessweek; 1/13/2014, Issue 4362, p38-39, 2p, 1 Color Photograph, 1 Black and White Photograph
- Publication Year :
- 2014
-
Abstract
- The article discusses the dynasty trusts in South Dakota that allow families to avoid estate taxes. The state offers secrecy for trusts and protection of assets from creditors and former spouses under rules that make it easy for families to set up their own trust. Also discussed are non-levy of state income taxes on investments, the increase in the amount of money administered by trust companies and the role of South Dakota Trust president Pierce McDowell on the growth of trusts in the state.
- Subjects :
- TRUSTS & trustees
ASSET protection
TAX shelters
TRUST companies
Subjects
Details
- Language :
- English
- ISSN :
- 00077135
- Issue :
- 4362
- Database :
- Complementary Index
- Journal :
- Bloomberg Businessweek
- Publication Type :
- Periodical
- Accession number :
- 93624910