ALI CLE Asset Protection Under the Corporate Transparency Act: Next Steps and Real-World

Thursday, June 01, 2023
12:00 PM - 01:00 PM

ACTEC Fellows Raj A. Malviya, Glenn G. Fox, and Gary L. Fletcher - Asset Protection Under the Corporate Transparency Act: Next Steps and Real-World Applications

Why You Should Attend

The Corporate Transparency Act (CTA) put in place new required disclosures that may affect trusts with beneficial ownership in a business entity, including a LLC, partnership, or other entity used for business and estate planning purposes. With the reporting requirements becoming effective January 1, 2024, wealth planning and tax practitioners need to ensure that they understand these compliance obligations now. To be prepared, estate planners should also know how and when to provide notice of reporting requirements, how to modify and update planning documents, and how the implementation of the CTA will impact the planning and privacy concerns of clients.

If you are looking for a deeper dive into what needs to be done in order to comply with the CTA in 2024, join us for this one-hour webcast!

What You Will Learn

Join a panel of highly-experienced estate and tax planning practitioners – each a Fellow of The American College of Trust and Estate Counsel – as they explore the “next level” of CTA-related issues of concern for estate planners. Through practical applications and case studies, they will:

  • Update us on the latest guidance on the CTA, including the proposed rule on access to Beneficial Owner Information Reports submitted to FinCen
  • Dive into fact specific examples of CTA reporting requirements
  • Provide sample language notices, engagement agreements, and operating agreements in preparation for the January 1 deadline

Questions submitted during the program will be answered live by the faculty. All registrants will receive a set of downloadable course materials to accompany the program.