Evergreen Legacy Planning, LLP

Evergreen clients, and those who place a high premium on #privacy: If you wish to keep your personal information out of a national “Financial Crimes” database, it’s time to restructure your entities to find a reporting exemption. #FinCEN’s new regulations dramatically endanger the right to privacy and go into effect January 1, 2024. Reach out to an Evergreen contact immediately. #privacyplanning #assetprotection #estateplanning

To whom will the new #FinCEN #CTA regulations be applicable? All "reporting companies" are required to disclose beneficial ownership information to FinCEN starting January 1, 2024. If you are uncertain about whether these #regulations apply to you, gain clarity by reading Evergreen Founder Matthew McClintock's reflections on the new regulations in this link: https://lnkd.in/e7QAzrVX

Are you fully informed about the implications of the new FinCEN regulations introduced by the Corporate Transparency Act (#CTA) on your entities? These updated regulations will take effect from January 1, 2024. It is crucial not to delay in seeking legal counsel, reach out to your Evergreen contact immediately (info@evergreenlegacyplanning.com). For more detailed information, please refer to this link: https://lnkd.in/gZRMAbGT #privacy #estateplanning #FinCen #protection

If #privacy is of utmost importance to you and you find yourself worried about the reporting obligations imposed by the new #FinCEN regulations. Reach out immediately to an Evergreen team member to explore the possibility of restructuring your entities in a manner that may grant you a reporting exemption before the deadline of January 1, 2024. Your privacy and compliance are our top priorities, and we are committed to supporting you through this process. Please do not wait. #estateplanning #privacy #assetprotection #compliance

FinCEN regulations effective January 1, 2024.   How much does your #privacy matter to you? It is crucial to note that the reporting requirements are mandatory, and the consequences for non-compliance are severe. The #CTA regulations encompass nearly every LLC established or registered in the U.S., demanding the disclosure of extensive personal identifying information. If you are not bothered by the idea of disclosing your personal information to a federal Financial Crimes Enforcement Network database, it is essential to ensure that your LLCs or other company entities comply with the regulations starting from January 1, 2024. On the other hand, if you are concerned about this matter, immediate action is necessary to investigate the possibility of restructuring your private family entities to qualify for exemption from the disclosure rules. Reach out to your Evergreen contact immediately to address this issue #estateplanning #privacy #protection #wealthplanning

In accordance with #CTA regulations, effective January 1, 2024, all companies designated as "reporting companies" are obligated to reveal beneficial ownership details to #FinCEN. FinCEN is mandated to establish a secure and confidential registry to store the disclosed information. Despite assurances of its privacy and security, many clients may feel hesitant about submitting their personal data to a federal database managed by the "Financial Crimes Enforcement Network." The consequences of non-compliance are severe, with potential civil and criminal penalties, including fines of up to $250,000 or imprisonment for up to five years for failure to disclose the required information to FinCEN. If you place a high premium on #privacy, it is essential to act promptly and consider restructuring your private family entities to qualify for exemption from the #disclosure requirements. Reach out to an Evergreen team member immediately (info@evergreenlegacyplanning.com) #estateplanning #privacy #assetprotection #compliance

We are hiring for a Senior Administrative Attorney to help grow our team. If you have a passion for leading a dynamic team and expanding operations in a successful and growing estate planning law firm please reach out. #estateplanningattorney #leadership #businessstartup

Here’s what you need to know about the new #FinCEN federal regulations going into effect January 1, 2024: FinCEN’s new #regulations dramatically endanger the right to #privacy. Regulations require collecting personal identifying information for individuals involved in common family wealth structures, including limited liability companies established to hold personal use #property. Regulations apply to “reporting companies,” further delineated as Domestic and Foreign Reporting Companies. It’s safe to assume virtually any company established by filing organizational documents with a Secretary of State of any U.S. state is subject to the new reporting requirements, even single member or trust-owned LLCs. Almost all U.S. domestic LLCs will be Domestic Reporting Companies, even if they were only established for personal wealth structuring purposes. Apparently, foreign companies that are not required to register to “do business” are NOT foreign reporting companies under the #CTA regulations. Importantly, trusts are not “reporting companies” and are not subject to the new CTA #disclosure rules. #estateplanning #CTA #privacy #assetprotection #personalwealth

Beginning January 1, 2024, FinCEN's new regulations pose a significant threat to the right to #privacy. To gain further insights on this matter, you can read the thoughts shared by Matthew McClintock, in this link: https://lnkd.in/e7QAzrVX If you are concerned about this issue, you must take steps to explore restructuring your private family entities in order to be exempt from the disclosure rules. Reach out to an Evergreen team member immediately (info@evergreenlegacyplanning.com). #estateplanning #privacy #protection #advancedplanning