Tag Archives: CTA

The Corporate Transparency Act (CTA) and Trusts

The Corporate Transparency Act (CTA) introduces complex reporting requirements that can significantly impact trusts. If a trust owns equity in a reporting company, individuals named as powerholders may face substantial—and often ambiguous—reporting obligations.

In this insightful webinar, renowned experts Jonathan G. Blattmachr, Alan S. Gassman, Chriseanna Mitchell, and Martin Shenkman explore:

  • FinCEN’s Beneficial Ownership Guidance and its implications for trust filings.
  • Challenges and unanswered questions surrounding trusts owning entities.
  • Strategies to navigate the CTA landscape ahead of the December 31, 2024 filing deadline.

 

This webinar is an invaluable resource for estate planning attorneys, fiduciaries, and financial professionals navigating the evolving compliance requirements of the CTA.

For further assistance or questions about how the CTA may affect your trust or reporting obligations, reach out to the team at Peak Trust Company.

Republican Victory – How Estate Planners can Stay Relevant and Keep Practice Momentum

Discover actionable insights for estate planning attorneys following the recent Republican victory. Our expert panel—featuring Martin Shenkman, Jonathan Blattmachr, and Robert Keebler—explores how the new political environment shapes estate planning strategies and offers practical solutions to maintain client trust and planning momentum.

In this engaging discussion, our panel examines the implications of the Republican control over the Senate and the House. From changes in estate tax strategy to leveraging advanced planning techniques, this webinar equips estate planners with the tools to adapt and thrive in a dynamic legal environment.

 

Key Topics Include:

  • Understanding the potential impact of the 2026 estate tax exemption sunset.
  • How to communicate the importance of planning now, even with political stability.
  • Advanced techniques like Q-Tipable Trusts, SLATs, SPATs, and hybrid DAPTs.
  • Strategies for income tax planning, including Roth conversions and charitable
    lead trusts.
  • The critical importance of asset protection for clients at all wealth levels.
  • Innovative approaches like rescission and promises of notes to enhance
    flexibility.

What You Will Learn:

  • Practical insights into navigating estate planning in a post-election environment.
  • Strategies to engage clients effectively and encourage timely planning.
  • Advanced techniques for maximizing tax efficiency and asset protection.
  • Future-proofing methods to prepare for potential legislative changes in 2026.

Noncompete Ban What Every Estate Planner Must Know and Its Impact on Estate and Succession Planning

On this webinar we discuss The Federal Trade Commission’s (FTC) new ruling which prohibits noncompete agreements. While this has been the subject of considerable discussion among employment and corporate attorneys, similar attention has yet to be given to this development among estate planners. The rule has a far-reaching impact on estate planning. The ramifications of how small, closely held, and family businesses that have used noncompete provisions, non-solicitation, and nondisclosure agreements will now address protecting themselves and retaining key employees and contracts must change.

The valuation of companies may be significantly affected. For some family and closely held businesses, the impact of succession planning could be dramatic. The family business may no longer be able to rely on restrictive provisions to retain key employees necessary to the business’s future success and succession to younger family members.

This webinar covers:
– The new rule and its impact on estate and succession planning
– The new notice requirements and other provisions of the FTC rule
– What businesses might still be able to do, and more

Deep Dive into the Corporate Transparency Act

On this webinar Abigail O’Connor, Jonathan Blattmachr, Chris Lauer, and Martin M. Shenkman have a “deep dive” discussion of the Corporate Transparency Act (CTA). They covered:

  • A quick overview of the CTA (a brief review of terminology so that even if you have missed prior CTA programs you will be able to follow the discussions).
  • How firms can adapt to dealing with the CTA. This will include notifying clients, modifying engagement agreements, updating intake procedures, updating existing client documents, updating forms, understanding whether and when to handle CTA reporting.
  • The just issued new FAQs. We’ll have a detailed discussion about the practical issues Reporting Companies will face when Beneficial Owners do not want to provide required information.
  • What leverage Reporting Companies will have
  • What officers who might face liability can do