South Dakota Estate Planning - Planning is Critical

Brooke Swier Schloss
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Family Law and Estate Planning attorney helping families across South Dakota plan and protect their loved ones

 

Sometimes people seem to think that if they don’t plan for death, it just won’t happen. In fact, 58% of American adults have no will, no trust, and no estate plan at all, according to a recent study. 

 

If you have no plan, South Dakota has a plan for you - it’s called “intestacy.” With intestacy, your assets go to those the state has pre-determined. They may or may not be the people whom you love and who love you. Each state’s intestacy laws are slightly different. Typically, a single person’s assets will go to their blood relatives. If they’re married, a percentage typically will go to their spouse, as well.

 

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