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;
(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, ยง42.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 17 - Special Spousal Trusts
Section 55-17-1 - Arrangement qualifying as special spousal trust.
Section 55-17-2 - Required language.
Section 55-17-3 - Classification of property--Interest of each spouse.
Section 55-17-4 - Amendment and revocation.
Section 55-17-6 - Qualified disposition in trust.
Section 55-17-7 - Types of transfers to special spousal trust.
Section 55-17-9 - Matters upon which spouses may agree.
Section 55-17-10 - Right of child to support.
Section 55-17-11 - Creditor rights--Good faith between spouses.
Section 55-17-12 - Bona fide purchasers.