The new Corporate Transparency Act (“CTA”) takes effect January 1, 2024, and trustees are preparing for the reporting required of them for potentially the trusts they administer and certain entities owned by those trusts. The CTA has established various requirements for reporting “beneficial ownership” information for certain business entities created or registered to conduct business in the United States. For trusts, this will include information regarding the trustee, and may include information regarding the beneficiaries and trustors. This content is for members only. If you are a member, please log in. Visit our membership page if you would like to become a member.
(800) 978-1237
info@private-trust.org
