Many small, privately owned businesses now need to file reports under the Corporate Transparency Act (the “Act”). This law requires them to submit details about their “beneficial owners” to FinCEN. These beneficial owners can include individuals who are direct owners of the business, individuals who control the business through a trust, such as trustees and trust investment directors and beneficiaries of those trusts. Advisors who set up the business also may need to file.

We invited a select group of experts to be panelists at our recent webinar to discuss how families, family offices and their advisors can handle the Act’s complex reporting requirements and explore legal developments surrounding it. Considering the important implications these changes have for all UHNW families and their advisors, we made the webinar available to non-members.

During the webinar, the panel discussed:

This in-depth webinar emphasized the need for proactive planning and internal controls for family offices and advisors to effectively navigate the Act’s complexities.

The full video replay of this live webinar is available for UHNW Institute members in the Resource Library here and on the event’s dedicated member portal page here. If you are not a member and want to learn about The Institute, please click here.


Thanks again to our moderator, Wally Head, and the panelists:

Daniel Bell, Partner, McDermott Will & Emery LLP

Pamela Grewal, Managing Director, Andersen U.S. National Tax Office

Gillian Nagler, VP – Trust Services, Briar Hall LLC

David Wells, Managing Director, Greycourt & Co., Inc.