Estate Planning attorneys need to understand multiple issues ranging from taxes to asset protection to create a comprehensive estate plan. Passage of the Corporate Transparency Act adds yet another layer to the already complex world of Estate Planning. Beginning on January 1, 2024, any company that qualifies as a Reporting Company needs to file a report with the Financial Crimes Enforcement Network (FinCEN) regarding its Beneficial Owners and individuals who helped register the Reporting Company. The provisions of the Corporate Transparency Act are designed to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity. Read on to learn more.
Stephen is a member of the American Academy of Estate Planning Attorneys (AAEPA), a national organization serving the needs of legal professionals concentrating on estate planning. He was on the national Board of Governors for the AAEPA and is the only AAEPA member in Vermont Read More!
Latest posts by Stephen Hartnett (see all)
- What Taylor Swift Can Teach Us About Estate Planning - April 23, 2024
- What You Need to Know about the Corporate Transparency Act - March 19, 2024
- Thereâs No Better Way to Say âIâll Be There for Youâ than with an Estate Plan - February 13, 2024
