BTC Trust Company of South Dakota
Since 1999, BTC Trust Company of South Dakota (BTC) has served the needs of high-net-worth and ultra-high-net-worth domestic individuals and families. As one of the oldest and most well-respected companies in South Dakota, BTC consistently leverages South Dakota’s position as the top trust jurisdiction in the United States to help grow, preserve, and transfer its clients’ wealth to the next generation.
By choosing to work with BTC, you will be able to take full advantage of South Dakota’s progressive trust laws, no state income tax, unparalleled privacy and confidentiality laws, strong creditor protections for trust assets, and the ability for your trust to exist in perpetuity. Ultimately, if you choose to work with us, you can feel confident that the highly skilled professionals at BTC will be there to support you and your family throughout the process of forming, funding, and administering your trust for generations to come.
Why BTC Trust Company of South Dakota?
Expertise to Serve You
Working with us means gaining access to a highly experienced and credentialed staff with extensive technical expertise regarding South Dakota’s powerful trust laws. Our staff is comprised of trust professionals with more than 60 years of industry experience and more than 40 years of legal and investment experience. Our team is physically located at our office in Sioux Falls, South Dakota.
Service You Can Trust
We are regulated by state and federal authorities with additional oversight by our parent bank, Bankers Trust Company. You can rest assured that BTC puts regulatory and legal compliance in the forefront of all it does, ensuring that you and your family’s wealth is well-protected.
Our Competitive Advantage
We are large enough to offer class-leading technology solutions and seamless integration with your existing advisors, but we’re small enough to be nimble, flexible, and ultra-responsive to your needs. By choosing to work with only domestic clients, we are not constricted by the additional rules and regulations associated with foreign trust administration. Finally, while we are a fully independent public trust company, our clients benefit from having the option to access the full suite of banking and investment resources provided by our affiliates, Bankers Trust Company and BTC Capital Management.
Directed Trust Structure
A directed trust separates the trustee function into three distinct roles, and places the responsibilities
for each piece with the advisors best suited for the role. While many of BTC’s clients
choose to utilize South Dakota’s nation-leading directed trusts statutes, BTC is available to support
you and your family as your trustee in whatever capacity you prefer.
Connect with us today
BTC Trust Company of South Dakota Contacts
Matthew J. Abel, JD, MPA
President
5032 South Bur Oak Place
Sioux Falls, SD 57108
(605) 338-5033
[email protected]
Lisa Schneiderman
VP, Senior Trust Officer
5032 South Bur Oak Place
Sioux Falls, SD 57108
(605) 338-5033
[email protected]
Matt Spolum, JD, MBA
AVP, Trust Officer
5032 South Bur Oak Place
Sioux Falls, SD 57108
(605) 338-5033
[email protected]
Explore Other Wealth Services
Private Banking
At Bankers Trust, our Private Banking customers receive an elite level of service to grow, manage and protect their wealth. Member FDIC.
Subject to eligibility.
Private Wealth
Our Private Wealth team strives to build strong, lasting relationships with our clients that truly allows our team to put the client’s best interests first in all that we do.
BTC Capital Management
At BTC Capital Management, we believe investment management is not about products, it’s about people.
South Dakota Trust FAQs
Do I need to live in South Dakota to set up a South Dakota trust?
No, you do not need to live in South Dakota to set up a South Dakota trust. By working with a trust company in South Dakota, you can take advantage of the state’s unique trust laws.
What taxes apply to a trust administered in South Dakota?
Trusts in South Dakota are not subject to state income tax, capital gains tax, estate tax or inheritance tax. South Dakota trusts are subject to federal income tax and may be subject to taxation from other states depending upon the grantor(s)’ state of residency and the states in which the trusts investments would reside.
Can an existing trust from another state be moved to South Dakota?
Yes, trusts formed in other states can be moved to South Dakota to take advantage of the state’s unique trust laws.
What is the difference between BTC Trust Company of South Dakota and a large trust company?
There are many types of trust companies. They can be public or private and range in size and scale. BTC Trust Company of South Dakota is large enough to offer class-leading technology solutions and seamless integration with a client’s existing advisors, while being small enough to be nimble, flexible and ultra-responsive to our clients’ needs. Learn more about which trust company is right for you.
How is BTC Trust Company of South Dakota related to Bankers Trust Company?
Since 1999, BTC Trust Company of South Dakota has been the affiliate trust company of Bankers Trust Company, a $7.5 billion bank headquartered in Des Moines, Iowa.
How do I get started with establishing a South Dakota trust?
Contact the BTC Trust Company of South Dakota team at (605) 338-5033 to learn more.
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