Reply To: Form 4 Trust
- Posts: 290
The paperwork burden, plus the background check on everyone else who is on the trust (responsible persons) so it isn’t just a “good ol boys” club with only 1 person being investigated. The irony is the ability to add and drop trustees between submissions (if your trust is set up to easily do so), which basically eliminates the need for that.
Correct me if I am wrong please…but that is all I can tell
I think people panicked and didn’t want to wait on all their trustees to get their shit together, but hey just speculation. Even more irony is submitting all of it early likely caused longer wait times than not freaking out and submitting post 41f, creating manageable workloads.