South Dakota Codified Laws 55-17-14. Unenforceable trusts
A South Dakota special spousal trust executed during marriage is not enforceable if the spouse against whom enforcement is sought proves that:
(1) The trust was unconscionable when made;
Terms Used In South Dakota Codified Laws 55-17-14
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- 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
(2) The spouse against whom enforcement is sought did not execute the South Dakota special spousal trust agreement voluntarily; or
(3) Before execution of the South Dakota special spousal trust agreement, the spouse against whom enforcement is sought:
(a) Was not given a fair and reasonable disclosure of the property and financial obligations of the other spouse;
(b) Did not voluntarily sign a written waiver expressly waiving right to disclosure of the property and financial obligations of the other spouse beyond the disclosure provided; and
(c) Did not have notice of the property or financial obligations of the other spouse.
Whether a South Dakota special spousal trust is unconscionable is determined by a court as a matter of law.
Source: SL 2016, ch 231, § 42.