Estate Planning Back »

The difference between estate planning and retirement planning is subtle, but important. Retirement planning involves planning a person’s financial future once they are no longer employed full time. Estate planning involves determining what will happen to a person’s property and financial resources in the event of death or incapacitation.

Estate planning can include one or more of the following tasks:

  • Creating and maintaining a will
  • Creating a trust fund
  • Assigning a guardian for living dependents
  • Naming an estate executive
  • Updating beneficiaries on plans (life insurance, IRAs, 401Ks, etc.)
  • Funeral arrangement
  • Setting up a durable power of attorney

Sustaining the Legacy:
Management and Wealth Transfer Planning for Ranchers

SDSU Extension created Sustaining the Legacy: Management and Wealth Transfer Planning for Ranchers to assist producers in South Dakota as they plan their estate.

South Dakota Legal Resources

Iowa State University Extension Estate Resources

Montana State University Extension Resources

Montana State University Extension has created a wealth of Estate Planning Publications. The following may be useful to the residents of South Dakota:

Disclaimer: The laws governing estate planning vary by state. The resources provided in this article are for informational purposes only and should never be substituted for the advice of a trained financial or legal professional. SDSU Extension is not endorsing any product or service provided as resources on this page. In addition, SDSU Extension is not responsible for the content of any web page not specifically hosted by By accessing this website, full responsibility falls to the user for how the provided information is used.

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