S.D. Codified Laws § 55-1-39

Bifurcation of trust

Last amended: 2007Year: 2025Length: 104 wordsOfficial source
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; (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.
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