Unlimited Duration Trusts - Minnesota CLE
Unlimited Duration Trusts - Minnesota CLE
Unlimited Duration Trusts - Minnesota CLE
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Special Purpose Entity or<br />
Trust Protector Company<br />
(i.e., Delaware, Nevada, South Dakota & Wyoming):<br />
Example of South Dakota Special Purpose Entity:<br />
Special Purpose Entity<br />
(LLC)<br />
• Trust Protector<br />
• Investment Committee<br />
• Distribution Committee<br />
Directs<br />
South Dakota Trust<br />
Company, LLC<br />
• Directed Trust<br />
•Administrative Trustee<br />
– Not a trust company<br />
– D&O, E&O Insurance<br />
Trust assets<br />
South Dakota Investment LLC<br />
(SDTC – Member)<br />
• Trust Protector, Investment Committee and Distribution Committee are housed in an LLC acting as<br />
agents or employees of the LLC to further tie the trust to the favorable situs state and reduce their<br />
liability by purchasing insurance (D&O) as well as provide continuity.<br />
© South Dakota Trust Company, LLC – All Rights Reserved<br />
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