TAX BLOG

Family offices are expanding their role beyond investment management to focus on generational stewardship, family engagement, and legacy planning. Advisory relationships are becoming more collaborative and holistic , requiring advisors to provide integrated, client-centered support across multiple disciplines. Operational complexity is increasing , with family offices paying greater attention to areas like staffing, technology, remuneration structures, outsourcing, and strat

On August 29, 2024, Federal Register published a final rule from the Financial Crimes Enforcement Network (FinCEN), issued under the U.S. Department of the Treasury, that targets a well-known vulnerability in U.S. anti-money laundering (AML) enforcement: the ability to purchase residential real estate through opaque legal entities and trusts—often with limited transparency around the true beneficial owners. The rule creates a new national reporting regime for certain “non-fin

From 1 March 2026, all non-financed transfers of residential real estate to legal entities or trusts must be reported to the US Treasury's Financial Crime Enforcement Network (FinCEN). Reports must be electronically filed through a cascading reporting structure that requires at least one person involved in the transaction to file. Click here for more information from FinCEN...