The Corporate Transparency Act: Navigating Reporting Obligations for Trustees, Fiduciaries, and Beneficiaries

Tax attorney Alan Granwell will be speaking on a Strafford webinar focused on the Corporate Transparency Act (CTA) and its requirements from the perspective of trusts, estates and high-net-worth estate planning. Explore the best practices for compliance, understand the potential for exemptions, and the implications of non-compliance, including stringent penalties. The discussion will address the challenges and obligations introduced by the CTA for fiduciaries and those they represent. 

Topics include: 

• Who is reported as the beneficial owner of a trust?
• What penalties could be assessed for not complying with the CTA?
• When is a trust subject to the reporting requirements under the CTA?
• What are the responsibilities of fiduciaries, beneficiaries, and trustees under the CTA?