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In South Dakota, estates valued at less than $50,000 can use the Affidavit process. You can also use the “informal probate” regardless of size.

Any person who dies owning property must take provision for the distribution of those assets. In many instances this is done by a probate proceeding. If there is a will devising the property, there will be a testate proceeding.

In South Dakota, you can make a living trust to avoid probate for virtually any asset you own—real estate, bank accounts, vehicles, and so on. You need to create a trust document (similar to a will), naming someone to take over as trustee after your death (called a "successor trustee").

Create a folder called “Gifts” or “Bequests” and document everything on it. After you catalog these items, move on to items you have receipts for. Or, if you prefer, go room to room and systematically catalog everything in it. Go in order - start at one side of the room and make your way around it.

If you want to learn how to organize your paperwork, follow these seven steps: Separate documents by type. Use chronological and alphabetical order. Organize your filing space. Color-code your filing system. Label your filing system. Dispose of unnecessary documents. Digitize files.

5 Steps to Organize. Step 1: Create a checklist of important documents (and their locations) Step 2: List the names and contact information of key associates. Step 3: Catalog your digital asset inventory. Step 4: Ensure all documents are organized and accessible. Step 5: Regularly update your estate documents.

A: The four foundational documents of an estate plan are: Wills/Trusts. Medical Powers of Attorney. Financial Powers of Attorney, and. Letters of Intent.

To make a living trust in South Dakota, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries—that is, who will get the trust property. Create the trust document.

A will covers what will happen to your family and property after you die. An estate plan has a will but also includes other documents protecting your family and property while you are alive but incapacitated. An estate plan guides your loved ones in handling your financial affairs and medical care.