§ 55-17-1 Arrangement qualifying as special spousal trust
§ 55-17-2 Required language
§ 55-17-3 Classification of property–Interest of each spouse
§ 55-17-4 Amendment and revocation
§ 55-17-5 Application of Internal Revenue Code–Special spousal property defined–Community property classified by another jurisdiction
§ 55-17-6 Qualified disposition in trust
§ 55-17-7 Types of transfers to special spousal trust
§ 55-17-8 Records
§ 55-17-9 Matters upon which spouses may agree
§ 55-17-10 Right of child to support
§ 55-17-11 Creditor rights–Good faith between spouses
§ 55-17-12 Bona fide purchasers
§ 55-17-13 Bona fide purchaser defined
§ 55-17-14 Unenforceable trusts
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Terms Used In South Dakota Codified Laws > Title 55 > Chapter 17 - Special Spousal Trusts

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2