State Codes and Statutes

Statutes > South-dakota > Title-10 > Chapter-40 > Statute-10-40-16-1

10-40-16.1. Residuary trust for spouse taxed as life estate. Notwithstanding § 10-40-16, if property is transferred in trust with discretion to pay the income from the trust to the decedent's spouse or others, or both, the transfer shall be considered and taxed as a life estate to the spouse and a remainder interest to the others.

Source: SL 1982, ch 103.

State Codes and Statutes

Statutes > South-dakota > Title-10 > Chapter-40 > Statute-10-40-16-1

10-40-16.1. Residuary trust for spouse taxed as life estate. Notwithstanding § 10-40-16, if property is transferred in trust with discretion to pay the income from the trust to the decedent's spouse or others, or both, the transfer shall be considered and taxed as a life estate to the spouse and a remainder interest to the others.

Source: SL 1982, ch 103.