Although the Corporate Transparency Act’s Beneficial Ownership Information reports no longer apply to domestic entities due to their exemption, another FinCEN requirement is moving full steam ahead, and estate planning attorneys should not overlook it. Starting December 1, 2025, professionals involved in real estate closings and settlements will be required to submit reports to FinCEN for certain non-financed transfers of residential property to legal entities or trusts. Continue reading to learn more.
Attorney at Law Offices of Juliet Cohen, P.C.
Ms. Cohen is an Estate Planning & Elder Law Attorney and member of the American Academy of Estate Planning Attorneys. The American Academy of Estate Planning Attorneys has been recommended by both Suze Orman in her book, 9 Steps to Financial Freedom and Money magazine Read More!
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