Listen to this post

There has been a longstanding effort globally and a lot of pressure on the United States to implement some sort of registry on a federal level for ownership of small and mid-sized entities. On today’s episode of “Future Focused: Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear chat with Partner Carolyn Reers about the Corporate Transparency Act (CTA), which requires disclosure of previously private beneficial ownership, formation, and management information for certain entities to the Federal government with the purpose of detecting and, ultimately, preventing money laundering and terrorist activities using these entities.

Be sure to tune into this episode to learn how the CTA has dramatically changed the landscape of small to mid-sized business reporting in the United States and do not hesitate to contact your Wiggin and Dana Private Client Services attorney with any questions.

If you’d like to listen to episodes on your preferred streaming platform, please click the links below to subscribe.
•   Amazon
•   Apple
•   Spotify
Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Photo of Michael T. Clear Michael T. Clear

Michael is the Chair of our Private Client Services Department where he leads our group of over 30 lawyers and allied professionals.  As a Partner in the firm’s Private Client Services Department, Michael regularly counsels clients on the far-reaching financial implications of estate…

Michael is the Chair of our Private Client Services Department where he leads our group of over 30 lawyers and allied professionals.  As a Partner in the firm’s Private Client Services Department, Michael regularly counsels clients on the far-reaching financial implications of estate planning, estate and trust administration, probate litigation, and business succession planning. Yet he is also a trained counselor with insight into the family dynamics these matters can effect. Known for his empathy and good humor, he helps clients take prudent action in the face of indecision, hopefully resolving contested issues before litigation. He is also a member of wiggin(x).

Photo of Erin D. Nicholls Erin D. Nicholls

Erin is a Partner in Wiggin and Dana’s Private Client Services Department, where she focuses her practice on a wide range of tax, estate, and business planning matters. She is Co-Chair of the Family Office and Strategic Investments Group.

In that role, Erin…

Erin is a Partner in Wiggin and Dana’s Private Client Services Department, where she focuses her practice on a wide range of tax, estate, and business planning matters. She is Co-Chair of the Family Office and Strategic Investments Group.

In that role, Erin works with individuals, family offices, and closely held businesses on issues related to wealth preservation, taxation, business succession planning, and charitable giving. She also counsels tax-exempt entities throughout all phases of their formation and compliance, and she advises a multinational financial institution with respect to fiduciary duties and trust administration.

Outside of the office, Erin is a fellow on the Connecticut Advisory Board of the Trust for Public Land, and she is an active member of the Connecticut Bar Association.

Photo of Carolyn A. Reers Carolyn A. Reers

Carolyn is a Partner in Wiggin and Dana’s Private Client Services Department and a member of the firm’s Executive Committee resident in the New York and Greenwich offices. Carolyn has more than 25 years of experience servicing high-net-worth individuals, their closely held companies…

Carolyn is a Partner in Wiggin and Dana’s Private Client Services Department and a member of the firm’s Executive Committee resident in the New York and Greenwich offices. Carolyn has more than 25 years of experience servicing high-net-worth individuals, their closely held companies and family offices with a focus on international estate and tax planning.

Immediately before joining Wiggin and Dana, Carolyn was a Partner at a leading international law firm, where she was integral in all aspects of trust and estate planning and administration. Carolyn was also responsible for the creation and management of public charities and private foundations.