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Trust Stewardship

Trust Stewardship

We are dedicated to the growth and preservation of family legacies. Through the Corundum Trust Company, we create wealth management solutions to help you sustain your wealth across future generations.

Trust Services

Corundum Trust Company’s professional services extend far beyond the scope of common bank trustees. Based on the partnership with The Corundum Group, the trust company offers advanced financial strategies that are created using the same disciplined process.

Corundum Trust Company isn’t limited by institutional lists of proprietary products or services, nor are they unduly influenced by them. Instead of off-the-rack plans and tactics, you get disciplined thinking, a conservative work ethic, and carefully chosen investment vehicles.

Analysis & Planning

Whether we are working with you to create a new trust instrument or to manage an existing trust, we devote substantial time toward understanding and analyzing the family’s needs. We can employ creative strategies to best serve you, your family, and the generations to come.

Trustee

The role of trustee is one of long-term importance. If charged with creating a trust, we collaborate with you and a team of trust professionals to determine which vehicle will prove most effective in fulfilling the instrument’s objectives. In the case of existing trusts, we consult with the creators whenever possible, to clarify their original intentions. If needed, we can employ a variety of techniques to modify the trust when possible if the creators are no longer living and the family’s needs have changed.

Co-trustee

Beneficiaries of existing trusts find Corundum Trust Company to be an invaluable resource in the role of co-trustee, particularly when relationships with mandated parties prove less than effective.

Philanthropic Giving

The purpose of philanthropic giving is to provide the greatest benefit to both the recipient and the donor. By working with our clients to select the ideal vehicle for expressing their generosity, we maximize the positive impact of the charitable donation, while potentially enjoying tax savings. Our extensive experience extends to the creation and management of private foundations, charitable remainder trusts, charitable lead trusts, donor advised funds, direct gifts, and beyond.

Corundum Trust Company

The South Dakota Advantage

Founded exclusively to serve the trust management needs of The Corundum Group’s clients, the Corundum Trust Company provides numerous benefits associated with its location in Sioux Falls, South Dakota:

  • No state income tax: Trust income is generally taxed at the state and federal levels. Because South Dakota currently has no state income tax, this reduction of your wealth is avoided.
  • No law against perpetuities: Many states require trusts to terminate at some point. South Dakota law has no such requirement, so a properly structured trust can last as long as the grantor wishes and thereby avoid federal estate tax during the life of the trust. These trusts are known as Perpetual, Legacy, or Dynasty trusts, and each is a powerful estate-planning tool.
  • Spendthrift provisions: South Dakota’s spendthrift laws offer substantial protections to trust assets from the claims of creditors.

Contact Corundum Trust Company

Before you submit this form, please ensure there is no confidential or sensitive information contained in your form. If you need to contact us regarding such information, please call us at (605) 336-2024.

401 East 8th Street, Suite 303
Sioux Falls, South Dakota 57103
(605) 336-2024

Corundum Trust Company is chartered and regulated by the South Dakota Division of Banking.