Signed by the Governor on 2026-03-10
Summary
The bill adds a new power for trustees to reimburse a trustor’s personal income tax when the trustor is treated as the owner for tax purposes, unless the trust document says otherwise. It also tightens rules for moving money between related trusts, clarifies when gifts from a trust count as advances, protects attorney‑client privilege for fiduciaries, and limits who can sue over fraudulent transfers. The changes apply to trusts created or moved to South Dakota on or after July 1 2026.
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