Does the Corporate Transparency Act Apply to Trusts? 

Q. My wife and I recently acquired a rental property and are considering forming an LLC this year and exploring any other options, such as trusts. I heard that the Corporate Transparency Act went into effect on the first of the … [Read more...]

Critter Corner: What Do I Need to Do to Comply with the Corporate Transparency Act?

Dear Kiwi and Mango,I have an LLC that owns a rental property. I understand that I need to submit beneficial ownership information (BOI) to the US Department of Treasury's Financial Crimes Enforcement Network (FinCEN), per … [Read more...]

Problems with Beneficiary Designations Part 2

Q. Last week, you wrote about why inheritance sometimes goes unclaimed, and how it’s a lot less likely when you have a trust in place. I read something about the downsides of beneficiary designations naming individuals and how … [Read more...]

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