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Sample SD Trusts Cases
... Barbara Didier-Stager (Barbara), Evelyn's daughter and a beneficiary of the trusts, objected. ...
The circuit court disagreed, authorizing the Conservator to exercise the power of the trustee
"in the place and stead of Evelyn" in both trusts. Barbara appeals. ...
... Ronald Chester, George Gleason Bogert & George Taylor Bogert, The Law of Trusts and
Trustees § 431 (3d ed. 2005). [¶ 8.] With regard to parties in a cy pres proceeding: ... [¶ 11.]
SDCL 55-9-4 appears in SDCL chapter 55-9 on charitable trusts. ...
... [¶ 3.] In July 2001, Laurence and May executed living trusts. The farm property was
placed in the trusts. The trusts provided that upon the death of the trustors, Peterson
had an option to purchase the property at its appraised value. ...
... The complicated fifty-six page trust document created several sub-trusts with governing
powers and rules specific to each. One of the sub-trusts created by the LFLT was
an irrevocable trust called the Lawson Special Trust (LST). ...
... [¶ 32.] We have stated a "trustee's first duty as a fiduciary is to act in all things wholly for the benefit
of the trust." Willers v. Wettestad, 510 NW2d 676, 680 (SD 1994) (citing Schroeder v. Herbert
C. Coe Trust, 437 NW2d 178 (SD 1989); Restatement (Second) of Trusts §§ 175, 176 ...
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