An Update of Corporate Transparency Developments as Impacting Private Clients

Alan Winston Granwell | Holland & Knight

Alan Granwell is an attorney in Holland & Knight’s Washington, D.C., office, with more than 50 years of experience in international taxation. In his long and wide-ranging career, he has represented multinational corporations and globally oriented high-net-worth clients in a broad array of international tax planning, compliance and controversy matters, including serving as an expert witness.

Mr. Granwell also advises on tax transparency initiatives, including the Corporate Transparency Act (which will have widespread application to privately held companies and their beneficial owners), the Foreign Account Tax Compliance Act, the Common Reporting Standard and the U.S. Department of Justice Swiss Bank Program.

In the early 1980s, Mr. Granwell was the International Tax Counsel and Director, Office of International Tax Affairs, U.S. Department of the Treasury. In that capacity, Mr. Granwell was the senior international tax adviser at the Treasury Department and was responsible for advising the Assistant Secretary for Tax Policy on legislation, regulatory and administrative matters involving international taxation and directing the U.S. tax treaty program.

Mr. Granwell began his career working at Wall Street law firms. He then moved to Washington, D.C., to accept his government appointment to work for the Treasury Department. Thereafter, he returned to private practice in Washington, D.C. Prior to joining Holland & Knight, Mr. Granwell was a tax attorney for a boutique international tax law firm.

Mr. Granwell is a Fellow of the American College of Tax Counsel and a well-known, frequent commentator and lecturer on international tax matters. He has authored numerous articles for publications, both in the United States and abroad. He has made presentations for the American Bar Association, Section of Taxation, the International Bar Association, the International Fiscal Association, the Society of Trust and Estate Practitioners (STEP) and other organizations in numerous countries around the world. Mr. Granwell also is an active member of the STEP, particularly organizing, moderating and presenting at educational webinars, and is a former chair of the Mid Atlantic Branch, the current Co-Director of Programs for the Mid Atlantic Branch, and a frequent contributor to STEP USA Alerts.

John Bunge | Holland & Knight

John Bunge is a tax and private wealth services attorney in Holland & Knight’s Nashville office. Mr. Bunge helps clients navigate the confluence of tax planning, business succession planning and estate planning, and seeks to find the most elegant solutions possible to reach their goals.

Mr. Bunge’s wealth preservation experience includes income, gift, estate and generation-skipping transfer tax minimization, through the use of irrevocable trusts, sales and gifts to trusts, charitableinterest trusts and grantor-retained annuity trusts, among other sophisticated wealth planning strategies. He also advises families on the formation of investment entities, such as family limited partnerships and family LLCs.

Mr. Bunge helps clients reach their charitable goals, using charitable giving techniques to minimize income, estate and gift taxes, and advising clients on the formation and operation of tax-exempt organizations, including private foundations.

He also counsels families regarding the formation, structuring and operation of family offices and private trust companies.

Additionally, Mr. Bunge helps clients minimize income taxes through individual, partnership and corporate tax planning. He also has experience assisting taxpayers through IRS audits, appeals and U.S. Tax Court litigation.

Kevin E. Packman | Holland & Knight

Kevin E. Packman is an attorney in Holland & Knight’s Private Wealth Services Group. He leads the firm’s International Estate Planning Group as well as the Tax Controversy and Litigation Team. Mr. Packman’s practice includes advising high-net-worth private clients (whether U.S. or foreign) with tax, trusts and estates. This also includes pre-immigration planning and expatriation planning. He also helps clients come into compliance and resolve tax controversies. He represents clients daily before the Internal Revenue Service (IRS) and has represented clients before the U.S. Tax Court. Mr. Packman is a fellow of the American College of Trusts & Estates (ACTEC), is a frequent writer and regularly speaks at national and international tax conferences. He is also frequently quoted by the national media.

The Chambers High Net Worth guide has recognized Mr. Packman since 2016 for Private Wealth Law: Florida, and his client work is widely recognized.

Mr. Packman has lectured for the AICPA, ABA, New York University, University of Miami, The Florida Bar and STEP. He has also presented to numerous national and community institutions/organizations. Mr. Packman is a prolific writer with articles appearing in a number of publications, including The Florida Bar Journal, Journal of Accountancy, Journal of Taxation, Estate Planning, Practical Tax Strategies and The Jerusalem Post. He is also frequently quoted by The New York Times, The Wall Street Journal, Daily Business Journal and Accounting Today. He also drafted legislation that passed the U.S. Congress declaring May as “National ALS Awareness Month.”

Mr. Packman is active in the community; he is a member of the Kessenich Family MDA ALS Center Advisory Board and a past board member of the Easter Seal Society of Miami-Dade County and Israel Bonds organizations. While he has frequently been recognized for his volunteer efforts, Mr. Packman is proudest of having been the first recipient of the ALS Association’s Kevin Packman Award for the Most Outstanding Volunteer.

Mr. Packman earned his B.A. in 1993 from the University of Texas (where he was named the Most Outstanding Individual in 1991), his J.D. in 1998 from Washington University School of Law (where he received the Honor Scholar award and in 2011 the Distinguished Young Law Alumni Award) and LL.M in Estate Planning in 2002 from the University of Miami School of Law (where he received the Vice President’s Award for Service).

riahnna Skinner | Holland & Knight

Briahnna Skinner is a Private Wealth Family Fiduciary Services Director based in Holland & Knight’s Boston office. Ms. Skinner has 10 years of experience providing estate planning, estate administration and trust administration services to high-net-worth clients.

Ms. Skinner focuses on providing support to clients with complex family estate plans and high maintenance asset structures to ensure that administration is carried out properly. She maintains relationships and provides support to families and fiduciaries in administering their complex lives by working collaboratively with outside professionals, including accountants, insurance agents, financial advisors and client family offices, to facilitate coordinated action on a client’s behalf. She tracks key dates for required entity maintenance activities and coordinates with the client’s team of advisors to timely complete administration items relating to trust annuities, promissory notes, life insurance policies, real estate, art, and corporate entities. Ms. Skinner and the family fiduciary services team also provide bill pay services, account reporting, and facilitate document sharing, including secure file sharing for critical documents.

Ms. Skinner assists attorneys in Holland & Knight’s Private Wealth Services Group in delivering timely, economical and proactive service to their high-net-worth clients. She creates flow charts of estate plans and entity structures, prepares asset summaries, and provides assistance to clients in updating beneficiary designations and re-titling accounts to align with their estate planning objectives.

In addition, Ms. Skinner provides support for internal Private Wealth Services Family Fiduciary Services initiatives, including the development of a Holland & Knight Fiduciary Services management database and implementation of a Holland & Knight Fiduciary Standards Policy.

Prior to rejoining Holland & Knight, Ms. Skinner worked in the wealth management department of another Boston law firm.

Rachel M. Deming | Holland & Knight

Rachel Deming is a private wealth services attorney in Holland & Knight’s Dallas office. Ms. Deming focuses her practice on estate planning, probate, tax-exempt organizations and family office planning.

Ms. Deming also advises public and private clients on a full spectrum of corporate tax services, including planning, research and mergers and acquisitions (M&A). In addition, she has a significant background in drafting wills, revocable trusts and various estate planning documents.

Prior to joining Holland & Knight, Ms. Deming practiced in M&A with a Big Four accounting firm, where she advised clients on federal income tax issues relating to domestic and multi-national strategic mergers, acquisitions, dispositions and separations, with an emphasis on corporate taxation.

I. Recent FinCEN FAQs | 1:20pm – 1:50pm

II. Court Cases | 1:50pm – 2:20pm

Break | 2:20pm – 2:30pm

III. Pending Legislation | 2:30pm – 3:00pm

IV. Issues that have not been resolved | 3:00pm – 3:30pm