South Dakota · Public trust company
Legacies Trust Company LLC
Also used as Legacies.
Former names: Dougherty Trust Company, LLC
Services offered
- Directed trusts as listed
- Irrevocable, dynasty, charitable, and asset-protection trusts as listed
- Estate administration as listed
- Collaborative advisor-partnership trusteeship as described
Who it is for
- Families transferring wealth in trust who want an alternative to large traditional institutions, as described by the firm
- Clients using South Dakota directed, dynasty, or asset-protection statutes as cited on the trust-company page
Sourced facts
- On the South Dakota Division of Banking roster of trust companies chartered to do business in South Dakota as of September 2026 as Legacies Trust Company LLC, credential TC.139-2, public TC.2, first issuance 11 February 2020, at 212 S. Main Ave., Suite 152, Sioux Falls, SD 57104.
- The Division’s March 2026 Activity Report records approval on 27 March 2026 of Dougherty Trust Company, LLC’s application to change its name to Legacies Trust Company LLC, Sioux Falls, South Dakota. Disclose the former Dougherty name on the appointment.
- The trust-company page on doughertywealth.com still carries the offering. It lists Irrevocable Trusts, Directed Trusts, Dynasty Trusts, Charitable Trusts, Asset Protection Trusts, and Estate Administration, cites South Dakota Directed Trusts among situs statutes, and publishes Minnetonka, Minnesota | Sioux Falls, South Dakota. This listing uses the roster street for the South Dakota company.
- The May 2026 Legacies Wealth LLC Form ADV Part 2A (BRCHR_VRSN_ID=1046600) states 1119 Holdings LLC DBA Legacies owns 100 percent of Legacies Trust Company LLC (LT), Legacies Tax and Accounting LLC (LTA), and Legacies Wealth LLC (LW). It says LT may engage LW to provide investment advisory services, that advisory fees are separate from and in addition to trustee fees, and that no client of LT is required to use LW — clients may use other providers. A marketing AUM figure on that brochure is omitted here.
- The same ADV records the RIA name change to Legacies Wealth LLC from Dougherty Wealth Advisers LLC effective 27 May 2026. That is the affiliate, not this charter.
Notes
Legacies Trust Company LLC is on the South Dakota Division of Banking September 2026 roster as a public trust company (TC.139-2), first issued 11 February 2020, at 212 S. Main Ave., Suite 152, Sioux Falls. The Division’s March 2026 Activity Report approved the name change from Dougherty Trust Company, LLC on 27 March 2026. Firm pages also use Legacies.
The public model is directed / mixed. The trust-company page lists Directed Trusts among a full menu and cites South Dakota Directed Trusts as a situs statute. The May 2026 Legacies Wealth LLC ADV states common ownership under 1119 Holdings LLC DBA Legacies with the RIA and tax affiliates, and that LT clients are not required to use LW. Confirm the current legal name is the signer. This page omits the brochure’s marketing AUM figure and does not invent fees.
What to verify next
Confirm credential TC.139-2 and that Legacies Trust Company LLC — not Legacies Wealth LLC, not Legacies Tax and Accounting LLC, and not the former Dougherty Trust Company, LLC name — is the appointed South Dakota trustee. Get the seat in writing. Directed Trusts are on the public menu beside irrevocable, dynasty, charitable, and asset-protection work; this is not a directed-only boutique. Write the 1119 Holdings / Legacies Wealth affiliation and the ADV conflict into the file, and ask whether a non-Legacies advisor can sit in the investment seat on equal terms. The trust page still lives on doughertywealth.com and lists Minnetonka and Sioux Falls — ask which office administers. ADV says advisory fees may sit beside trustee fees; request a schedule and do not invent dollars. Omit AUM.
Sources
State file: South Dakota trust companies · South Dakota directed trustees · Other South Dakota listings