The Financial Crimes Enforcement Network (FinCEN) has issued a final rule that requires the reporting of beneficial ownership information in connection with certain nonfinanced transfers of U.S. residential real property. Stradley Ronon partner David Winkowski, chair of the trusts, estates and personal planning practice, and associate Andrew Barron discussed how the rule will have a significant impact on estate planning lawyers, as well as real estate and corporate law practitioners, in an article for The Legal Intelligencer.
Read Dave and Andrew’s breakdown of who will file a report, when it will be filed and what it will contain here.