Winstead PC Blogs
Latest from Winstead PC
Upcoming Deadline: Corporate Transparency Act Filings
On January 1, 2024, the new reporting requirements under the Corporate Transparency Act (the “CTA”) took effect in the United States. The CTA, aimed at increasing corporate transparency and combating financial crimes, requires “reporting companies” to file Beneficial Ownership Information Reports (“BOIRs”) with the Financial Crimes Enforcement Network (“FinCEN”), disclosing certain beneficial ownership information. This
Court Affirmed Order Reinstating Receivership While Case Was On Appeal
Author David F. Johnson Makes 2024 Texas Super Lawyers® Top 100 Texas Super Lawyers List
Winstead PC is pleased to announce that David Johnson has been named to the 2024 Texas Super Lawyers® list and also the Top 100: Texas Super Lawyers and Top 100: Dallas/Fort Worth Super Lawyers in the areas of Estate & Trust Litigation and Business Litigation. There are currently 130,000 licensed attorneys in Texas. The Super
Recorded Webinar: Corporate Transparency ActꟷCommon Exemptions for Private Fund Managers and Their Affiliates
Join Winstead attorneys Burke McDavid and Page Patrick as they discuss significant Corporate Transparency Act (CTA) exemptions for private fund managers, their affiliated management entities, and advised funds. The presentation covers exemptions that can shield these entities from the CTA’s otherwise extensive reporting requirements. Listen Here
Update to the Qualified Professional Asset Manager Exemption (QPAM)
The U.S. Department of Labor’s (the “DOL”) amendment to the qualified professional asset manager (“QPAM”) prohibited transaction class exemption 84-14 (the “Exemption”) went into effect on June 17, 2024. Current QPAMs must send a one-time email notice to the DOL no later than December 14, 2024, in order to rely on the Exemption (see below).
Court Affirmed A Judgment For An Estate Because The Personal Represented Participated In The Case
Court Reversed Summary Judgment On Whether A Person Was The Current Trustee And On Certain Modification Claims But Affirmed Summary Judgment Rejecting Termination Of The Trust And On Other Modification Claims
In Crossley v. Crossley, a plaintiff, who was the beneficiary of, or had the power to designate the beneficiary, in two trusts established by his mother, and he filed suit requesting that the court determine whether he or his sister was the trustee, and in the alternative, he sought termination, modification, or reformation of the
Texas Supreme Court Reverses Order In Trust Dispute Granting A Constructive Trust
In In re Trust A & Trust C, a beneficiary sued a trustee for breach of fiduciary duty and sought a constructive trust over assets that were transferred out of the trust. 690 S.W.3d 80 (Tex. 2024). The trial court granted that relief. The court of appeals reversed, holding that other parties, who possessed the
Personal Tribute For Author’s Parents
My mother Ann Johnson passed in February of 2022, and my father Derwood Johnson just passed in August of 2024. When a second parent dies, a child mourns both parents’ deaths. I am very lucky to have had my parents, and I have been doing a lot of thinking this past week about their influence