Bank accounts after a death in South Dakota
Money in a joint account belongs to the surviving owner, and a POD account goes to the named payee. For an account in the person's name alone, the successor can use the small estate affidavit after 30 days if the entire estate, minus liens, is $100,000 or less.
Checked against official sources: October 30, 2026.
Bank accounts after a death in South Dakota
Money in a joint account belongs to the surviving owner, and a POD account goes to the named payee. For an account in the person's name alone, the successor can use the small estate affidavit after 30 days if the entire estate, minus liens, is $100,000 or less. If the bank knows the person owed the Department of Social Services for Medicaid nursing home care, it cannot pay (except funeral expenses) until the Department is paid.
Law: S.D. Codified Laws secs. 29A-6-104, 29A-3-1201, 29A-3-817
Source: Official page
Do bank accounts count toward the small estate limit?
| Kind of property | How it is treated | Details |
|---|---|---|
Bank accounts in the person's name alone | Counts | Accounts in the person's name alone count. Law: SDCL 29A-3-1201(a)(1) |
Joint or payable-on-death (POD) bank accounts | Left out | On the death of a joint owner, the money in a joint account belongs to the surviving owner, and a POD account belongs to the POD payee. Law: SDCL 29A-6-104 |
What the bank or holder must do
The holder must pay or deliver on a proper affidavit and is then released as if it had dealt with a personal representative; it need not check the affidavit. If it refuses, the property can be recovered in a court proceeding on proof of the facts in the affidavit. If the holder knows the person owed the Department of Social Services for Medicaid nursing home or institutional care, it may not pay anyone (except for funeral expenses) until the Department is paid or issues a satisfaction.
FDIC insurance after a death
After a deposit owner dies, FDIC insurance on the account stays the same for six months, unless the account is restructured. After six months, coverage is based on who actually owns the money.
Law: 12 CFR 330.3(j)
Transfer-on-death (TOD) and payable-on-death (POD) in South Dakota
- Bank account (POD)
Yes
Law: S.D. Codified Laws secs. 29A-6-101 to 29A-6-114
Source: Official page
Death certificates in South Dakota
Death certificates can be ordered in person, by mail, by phone or online from South Dakota Vital Records. A certified copy costs $15.00; phone and internet orders add an $11.50 expedite fee. Proper identification is required.
- Where to get it
- South Dakota Department of Health, Vital Records
- Official page
- Official page
Surviving spouse in South Dakota
A surviving spouse or minor children are entitled to a homestead allowance, and the spouse to exempt property, in addition to any share under the will or intestacy. The spouse and minor or dependent children also get a family allowance, which the personal representative can set at up to $18,000 as a lump sum or $1,500 a month for one year without court approval. These have priority over creditors' claims.
Law: SDCL ch. 43-31; SDCL ch. 43-45
Collection of personal property by affidavit (small estate affidavit)
The person who inherits signs an affidavit and gives it to the bank, company or person holding the property, which must then pay or hand it over. Nothing is filed with a court.
- Limit
Up to $100,000 Counted after subtracting liens (what is owed on the property).
The entire estate, wherever located, minus liens and encumbrances, cannot be more than $100,000. The affidavit also requires that the person owed no debt to the Department of Social Services for Medicaid nursing home or other institutional care.
- What counts
The value of the person's entire estate, wherever located, minus liens and encumbrances.
- Waiting period
At least 30 days must have passed since the death.
- Who can use it
A person claiming to be the successor (an heir or will beneficiary entitled to the property), or someone acting on the successor's behalf. The Department of Social Services can also use the affidavit to collect a Medicaid debt.
- Court or where to file
Not filed with a court. You give it to the holder of the property.
- Notary
It is an affidavit (sworn statement).
- Papers to attach
- Death certificate, if the holder asks for it
- Steps
- Wait until at least 30 days after the death.
- Check that no one has applied to be personal representative anywhere and that the person owed no Medicaid nursing home or institutional care debt to the Department of Social Services.
- Sign an affidavit with the five statements the law requires.
- Give it to each holder; a transfer agent must re-register securities.
- Use what you collect to pay liens, allowances, funeral and administration costs and creditors as the law requires, then distribute the rest.
- Fee
No court filing fee, because the affidavit is not filed with a court.
- Debts and responsibility
The person who collects property by affidavit is responsible for seeing that it is applied to liens and encumbrances, the homestead allowance, exempt property, family allowance, funeral expenses, administration costs and creditor claims, as the law requires, before the rest goes to heirs and devisees. Anyone who receives property this way must answer for it to a later personal representative or anyone with a better right. The affiant submits to the South Dakota courts in any case about the affidavit.
- What the bank or holder must do
The holder must pay or deliver on a proper affidavit and is then released as if it had dealt with a personal representative; it need not check the affidavit. If it refuses, the property can be recovered in a court proceeding on proof of the facts in the affidavit. If the holder knows the person owed the Department of Social Services for Medicaid nursing home or institutional care, it may not pay anyone (except for funeral expenses) until the Department is paid or issues a satisfaction.
Law: S.D. Codified Laws secs. 29A-3-1201, 29A-3-1202, 29A-3-817
Source: Official page
Good to know in South Dakota
- The small estate affidavit cannot be used if the person owed the Department of Social Services for Medicaid nursing home or institutional care.
- Since 2022, low-value South Dakota real estate (up to $50,000) can pass by an affidavit filed with the register of deeds 60 days after the death.
- Since 2025, vehicle titles can name a transfer on death beneficiary.
Changes in 2024–2026
SL 2025, ch. 116 added transfer on death beneficiaries for vehicle and boat titles. Earlier: SL 2022, ch. 88 amended the personal property affidavit (current limit $100,000) and SL 2022, ch. 89 created the real property affidavit ($50,000).
Law: SDCL 32-3-80 to 32-3-84
Letters to a bank
Use the free tools below to ask a bank for the balance on the date of death or to present a signed small estate affidavit.
Related pages
- Small estate affidavit in South Dakota
- Car title after a death in South Dakota
- House without probate in South Dakota
- Small estate checker for South Dakota
- Letter to a bank in South Dakota
- Balance request letter for South Dakota
- What-to-gather checklist for South Dakota
- All about small estates in South Dakota
Free help in South Dakota
A court self-help center or a legal aid office can check whether the estate qualifies, free of charge or at low cost.