The trust is often a useful and flexible tool for a South Dakota farmer's estate planning. A trust is an artificial entity created by a document or instrument.
A trust requires four basic elements - trustee, trust property, trust document, and known beneficiaries. The trust document contains the trust's "rule book" including the powers of the trustee, the beneficiaries to share in the income and principal from the trust, and instructions for distributing of the trust property.
About Swier Law Firm's Agricultural Law Practice Group
Swier Law Firm's Agricultural Law Practice Group handles the following types of agricultural law issues:
Take a look at our valuable agricultural law books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized agricultural law attorneys and provide detailed South Dakota-specific information designed to help anyone with agricultural law issues. You can request your free copy by clicking on the book cover below.
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