South Dakota Codified Laws 55-1-39. Bifurcation of trust
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To the extent a trust contains any combination of a mandatory provision, a support provision, the trust shall be bifurcated as follows:
(1) The trust shall be a mandatory interest only to the extent of the mandatory language;
Terms Used In South Dakota Codified Laws 55-1-39
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
(2) The trust shall be a support interest only to the extent of such support language;
(3) The remaining trust property shall be held as a discretionary interest;
(4) A support interest that includes mandatory language such as “shall” but is subsequently qualified by discretionary language, shall be classified as a discretionary interest and not as a support interest.
Source: SL 2007, ch 280, § 16.