Corporate Transparency Act for Trusts and Estates
Determining Reporting Responsibilities for Trustees, Fiduciaries, and Beneficiaries
An encore presentation with Live Q&A.
A 110-minute CPE webinar with interactive Q&A
This webinar will review the key requirements of the Corporate Transparency Act (CTA) with particular focus on the perspective of trusts, estates, beneficiaries, fiduciaries, and trustees and delve into what is required under the CTA, examples of best practices in satisfying these requirements, and penalties for non-compliance.
Outline
- CTA for trusts and estates: introduction
- Reporting requirements
- Responsible reporting party
- Completing the form
- Penalties for noncompliance
- Best practices
Benefits
The panel will review these and other critical issues:
- 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?
An encore presentation featuring Live Q&A.
Faculty
Alan Winston Granwell
Of Counsel
Holland & Knight
Mr. Granwell has been practicing in international taxation for more than 45 years and previously was director of the... | Read More
Mr. Granwell has been practicing in international taxation for more than 45 years and previously was director of the Treasury Department’s Office of International Tax Affairs.
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Shekida Anna Smith-Sandy
Attorney
Paul, Weiss, Rifkind, Wharton & Garrison
Ms. Smith-Sandy maintains an interdisciplinary practice, advising clients on regulatory issues under federal and state... | Read More
Ms. Smith-Sandy maintains an interdisciplinary practice, advising clients on regulatory issues under federal and state securities, derivatives, and banking laws. She counsels fund sponsors on addressing regulatory compliance issues related to securities laws, with particular focus on the Investment Advisers Act and Investment Company Act, and also has experience advising on fintech and digital asset regulation. Ms. Smith-Sandy also regularly provides guidance to financial institutions including private and registered funds and investment advisers on the application of the Securities Act, Investment Company Act, and Investment Advisers Act to varying regulatory and corporate matters. Such guidance includes, without limitation, questions pertaining to federal and state registration requirements, Advisers Act compliance obligations, and preparing for U.S. Securities and Exchange Commission (SEC) examinations. She has significant fund documentation experience, including drafting and negotiating documentation regarding the formation and launch of venture capital, hedge funds, funds of funds, co-investment programs, and separately managed accounts focused on investment strategies ranging from traditional venture capital to token and cryptocurrency ventures. In anticipation of the effective date of the Corporate Transparency Act (CTA), and FinCEN beneficial ownership information requirements, Ms. Smith-Sandy has spent considerable time advising fund sponsors regarding the application of the CTA reporting requirements to fund sponsors and affiliated entities and fund vehicles.
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Rebecca M.G. Zuks
Attorney
Paul, Weiss, Rifkind, Wharton & Garrison
Ms. Zuks is an associate in the Personal Representation Department at Paul, Weiss, Rifkind, Wharton & Garrison... | Read More
Ms. Zuks is an associate in the Personal Representation Department at Paul, Weiss, Rifkind, Wharton & Garrison LLP. She focuses her practice on complex estate planning and related tax matters, including, among other areas, charitable giving, foundation and public charity governance and administration, wealth transfer planning, business succession planning, and trust and estate administration. Ms. Zuks works with a variety of clients, including real estate developers, corporate executives, private equity and hedge fund managers, entrepreneurs, family offices and philanthropists. In addition to serving individuals and families, she advises public charities, private foundations and other tax-exempt organizations on a wide variety of tax compliance and general corporate matters. Ms. Zuks has been recognized by Best Lawyers: Ones to Watch, Trusts and Estates (2021 - 2024). She has co-authored articles, including The Corporate Transparency Act From an Estate Planning Perspective. Ms. Zuks is a Vice Chair of the Newsletter & Publications Committee of the Trusts & Estates Law Section of the New York State Bar Association, and is an associate editor of the Trusts & Estates Law Section Journal of the New York State Bar Association. She is the Fundraising Chair of the Recent Graduate Committee of the Fordham University School of Law Alumni Association.
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