'Asset Protection Under the Corporate Transparency Act' focus of webcast June 1

American Law Institute Continuing Legal Education will present the webcast "Asset Protection Under the Corporate Transparency Act: Next Steps and Real-World Applications," co-sponsored by The American College of Trust and Estate Counsel (ACTEC), on Thursday, June 1, from noon to 1 p.m.

The Corporate Transparency Act (CTA) put in place new required disclosures related to beneficial ownership that may affect trusts and their beneficiaries. 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.

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

- Update attendees 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 CTA's 1/1/24 effective date for reporting requirements

Among those on the panel will be Raj A. Malviya of Miller, Johnson, Snell, & Cummiskey PLC in Grand Rapids.

Cost for the webcast is $199. To register, visit www.ali-cle.org.

Published: Tue, May 23, 2023