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New US Real Estate Reporting Rule: Is FinCEN Eyeing Your Wealth?
Manage episode 492343054 series 3503593
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A new rule from FinCEN targets anyone buying US real estate in cash through a trust, LLC, or corporation in major cities like LA, Miami, and New York. The government now requires title companies to report details on these purchases—even if you're just looking for privacy, estate planning, or asset protection, not laundering money. The goal isn't to stop crime; it's about tracking ownership for possible wealth taxes down the line. Setting up the right structure can still help you protect your privacy and assets, but you need to know how these rules work before investing. If you want to safeguard your wealth and limit your exposure, you need to pay attention to this.
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