In the past four years, the amount of money administered by South Dakota trust companies like these has tripled to $121 billion, almost all of it from out-of-staters taking advantage of South Dakota's tax-friendly trust laws.
December 30, 2013 at 12:00 AM
1 minute read
Among the nation’s billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls, S.D.
A branch of Chicago’s Pritzker family rents space here, down the hall from the Minnesota clan that controls the Radisson hotel chain, and other rooms held by Miami and Hong Kong money.
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