Category: South Dakota

From the homes and island to her jewelry and even some of their tableware — had been put into a special trust that shielded the assets from any claims.

Billionaire divorce uncovers the world of trusts in South Dakota

Instead of living the high life, Marie Bosarge fears going under. When Ed filed for divorce in 2017, Marie discovered that almost all of the couple’s property — from the homes and island to her jewelry and even some of their tableware — had been put into a special trust that shielded the assets from any claims. Rather than getting half of a fortune she estimated to be worth more than $2 billion, she may wind up with little or nothing after paying her legal bills. Continue reading “Billionaire divorce uncovers the world of trusts in South Dakota”