With the implementation of the Corporate Transparency Act (CTA) earlier this year, trust and estate planning professionals are navigating a new era of compliance and privacy challenges.
At the South Dakota Trust Association’s 8th Annual Fall Forum in October 2024, David Warren, Co-Founder and Chairman of Bridgeford Trust Company, delivered this insightful presentation that discusses key aspects of the CTA, including reporting requirements, exemptions, penalties, and privacy safeguards. He goes on to highlight how South Dakota’s advanced trust laws, such as Directed Trusts and robust privacy provisions, provide effective solutions to adapt to this new transparency regime.
If you have any questions, contact us at info@bridgefordtrust.com or call (605) 224-9189.
