Meg Lodise Serves as Contributing Drafter for ACTEC Amicus Brief Submitted to Supreme Court
Partner Meg Lodise served as a contributing drafter for an amicus brief in Alexandru Bittner v. United States, filed by the American College of Trust and Estate Counsel (ACTEC) on August 16, 2022 with the Supreme Court. This is an important case dealing with the Bank Secrecy Act (“BSA”) which presently authorizes a $10,000 civil money penalty for foreign account reporting violations that are non-willful, and which do not satisfy the reasonable cause exception.
ACTEC took no position in the case, but instead, filed in order to: “assist the Court in understanding the history and evolution of the statute at issue and the implications of its application, particularly in common trust and estate situations involving principals and agents under property powers of attorney; trusts, grantors, trustees and beneficiaries of trusts; and executors and beneficiaries of estates (referred to collectively as “fiduciary parties”).”
Learn more here.