For several years, South Dakota has been considered by many commentators and planners to be the best trust jurisdiction in the nation because of its cutting edge laws around asset protection, dynasty and directed trusts, and privacy. Proving once again that jurisdiction matters and is not to be ignored in the wealth and business planning process, recently South Dakota was ranked the best state in the nation within which to do business according to CNBC. You can view the CNBC article here: http://www.cnbc.com/id/100817171
Recognizing that all states are not created equal with respect to laws impacting business and finance, South Dakota emerged as a compelling option that should not be ignored by planners across the country. Here is a great article that outlines in more detail South Dakota’s ascent to the top and what it means for business and personal finance across the nation: http://www.prairiebizmag.com/event/article/id/16516/group/Economic%20Development/