If you have a South Dakota trust that Valur will be administering, there are certain documents that we will need from you so that we can comply with federal law. The good news is that the documents are pretty straightforward. After you’ve signed your trust agreement, we’ll reach out to you with any additional required documentation. Here are the types of documents that may be needed:

Driver’s Licenses

We request driver’s licenses from trust grantors when they set up trusts. But we also need them for any investment advisor or distribution advisor who is currently acting. If you’ve named an investment advisor or distribution advisor for your trust, we will ask for a photo of that person’s driver’s license. Passports are acceptable in lieu of driver’s licenses.

Form W-9 (or Form W-8)

Every grantor and adult beneficiary of a trust must fill out and sign either a Form W-9 (if a U.S. citizen or permanent resident with a Social Security Number or Taxpayer Identification Number) or a Form W-8 (if a non-resident). You’ve probably filled out one of these before, perhaps when you started a new job. These are fillable forms, and you can just e-sign.

Customer Due Diligence Form

Finally, we need each grantor to sign a short form with some biographical information about them, like their job. These are fillable forms, and you can just e-sign.

About Valur

We’ve built a platform to give everyone access to the tax and wealth-building tools typically reserved for wealthy individuals with a team of accountants and lawyers. We make it simple and seamless for our customers to take advantage of these hard-to-access tax-advantaged structures. With Valur, you can build your wealth more efficiently at less than half the cost of competitors. 

From picking the best strategy to taking care of all the setup and ongoing overhead, we make things simple. The results are real: We have helped create more than $3 billion in additional wealth for our customers. If you would like to learn more, please feel free to explore our Learning Center. You can also see your potential tax savings with our online calculators or schedule a time to chat with us!