Corporate Transparency Act and Common Law Trusts
Date: Thursday, August 31, 2023
Time: 4:00pm - 6:00pm
Location: Greater Cincinnati Foundation
Speaker: Jocelyn Borowsky, JD, LL.M. & Elizabeth King, JD, LL.M
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Join us on Thursday, August 31st at 4:00 PM as we watch and discuss Corporate Transparency Act and Common Law Trusts at the Greater Cincinnati Foundation.
Session Description:
The federal government has developed yet another tool to help crack down on money laundering--this time by documenting who owns closely held companies. Private companies that are accustomed to the privacy that state law has afforded them will now have to provide key information to the federal government about who actually owns the companies.
Common law trusts aren’t directly subject to the CTA, but the CTA will impact trust administration if a trust holds an interest in an entity that’s subject to the CTA. This potentially includes thousands of trusts that own interests in entities formed in the United States and foreign entities registered to do business in the United States, including closely held businesses, limited liability companies (LLCs) and partnerships.
The session will be immediately followed by cocktails and hors d'oeuvres at our Networking Happy Hour.
We hope to see you there!
Board of Directors, Cincinnati Estate Planning Council
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Date:
Thurs., Aug. 31, 2023
Time:
3:45 PM - Registration
4:00 PM - Program
5:00 PM - Happy Hour
6:00 PM - Adjourn
Cost:
Members - $15.00
Non-Member - $35.00
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Location:
Greater Cincinnati Foundation
720 E. Pete Rose Way
Suite 120
Cincinnati, OH 45202
FREE PARKING!
Deadline to Register:
MONDAY, August 28th
Note: refunds will not be given for cancellations received after the registration deadline.
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APPROVED CEU Credits
CFP
CPA
KY Legal
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Pending CEU Credits
OH Insurance
OH Legal
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2023-2024 Season Sponsor
We are proud to welcome the
Greater Cincinnati Foundation back as our season sponsor!
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Jocelyn Margolin Borowski, JD, LL.M.
Fellow
American College of Trust and Estate Counsel
Jocelyn Borowsky is a fellow of the American College of Trust and Estate Counsel, practices in the areas of estate planning, estate and trust administration and fiduciary litigation primarily in Delaware. A large part of her practice involves implementation of sophisticated trusts, trust modification and strategic estate, tax and business planning. She represents fiduciaries and beneficiaries in trust and estate litigation. She also handles tax controversy matters, including estate and gift tax audits by the Internal Revenue Service and state taxing authorities, and serves as an expert witness on Delaware trust law.
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Beth King, JD, LL.M.
Managing Director and President
Brown Brothers Harriman Trust Co.
Beth King is a Managing Director and President of Brown Brothers Harriman Trust Company of Delaware, N.A. In her role, Beth helps families with their wealth preservation and philanthropic goals, and oversees all aspects of trust administration for the trust company. Beth is a member of the Delaware Bar, is a former chair of the Estates & Trusts Section of the Delaware State Bar Association, and is a member of Delaware’s Trust Act Committee, which helps draft legislative changes to Delaware’s trust law.
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