Holland & Knight LLP
High Net Worth Guide 2024
Holland & Knight LLP
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About
Chair and Chief Operating Officer: Robert Grammig
Managing Partner: David Whitestone
Deputy Managing Partner: Tiffani Lee
Number of Partners: 1,133
Number of Lawyers: 2,131
U.S. Offices: 29
International Offices: 5
Firm Overview:
Holland & Knight has one of the largest private wealth practices in the United States and assists high-net-worth clients to attain and maintain their financial and wealth planning goals through sophisticated wealth transfer arrangements. High-net-worth individuals, private equity principals, substantial closely held and family businesses, family offices, charitable organizations, educational institutions, banks and trust companies are among its clients. The firm also handles a significant amount of complex probate, elder abuse and fiduciary misconduct litigation to trial and appeal. Purchases and sales of aircraft and yachts, art finance and virtual currency also are among its services.
Main Areas of Practice:
Wealth Planning and Preservation
43 partners, 19 other fee earners in the USA; 1 in Mexico
Holland & Knight's Private Wealth Services lawyers assist high-net-worth clients to attain and maintain their financial and wealth planning goals through sophisticated wealth transfer arrangements.
Every comprehensive lifetime wealth transfer plan we develop involves an iterative process that includes continual attention and adaptation to help ensure that it remains responsive to changes in your current situation and future goals. As wealth, family circumstances and laws change, so must the plan. Therefore, we work with clients over the course of their lifetime, in collaboration with their other professional advisors, to help them reach and maintain their goals and preserve their family heritage. Our estate planning attorneys offer counsel on wealth transfer planning techniques such as:
·cutting-edge lifetime gift programs, including multigenerational planning
·sophisticated charitable planning
·private foundations
·life insurance planning, including irrevocable life insurance trusts and split dollar arrangements
Contact: David Scott Sloan
Tel: +1.617.573.5803
Email: [email protected]
Contact: Christopher Boyett
Tel: +1.305.789.7790
Email: [email protected]
Contact: Stacie Nelson
Tel: +1.415.743.6936
Email: [email protected]
Trusts, Estates and Fiduciary Litigation
35 partners, 11 other fee earners in the USA
Holland & Knight's Trusts, Estates and Fiduciary Litigation Team is composed of seasoned trial lawyers who practice before state and federal courts, including probate and tax courts. We handle all types of trust and estate litigation, including will contests, breaches of fiduciary duty, removal of trustees, reformation of instruments, elder abuse, and other contests based on allegations of lack of capacity and undue influence.
Hundreds of trials have taught us what positions win and lose in court. Our understanding of what influences favorable outcomes in litigation helps us proactively resolve disputes and reduce the risks of lawsuits for clients who consult us in the review and planning processes.
Fiduciaries also retain us to review their best practices and policies to avoid litigation. We measure their practices against our own litigation experience as well as national standards. Attention to the latest case law and best practices, appropriate planning and periodic review are the most effective ways for clients to reduce their exposure to expensive litigation.
Contact: Vivian Thoreen
Tel: +1.213.896.2482
Email: [email protected]
Ranked Offices
Provided by Holland & Knight LLP
- Miami701 Brickell Avenue Suite 3300 , Miami, Florida, USA, FL 33131
- Web: www.hklaw.com
- View ranked office
- Mexico CityPaseo de la Reforma No. 342 Piso 28, Col. Juárez, Del. Cuauhtémoc, Mexico City, Ciudad de México, Mexico, 06600View ranked office
- LondonLeaf 27C, Tower 42, 25 Old Broad Street, London, Greater London, UK, EC2N 1HQView ranked office
- Los Angeles400 South Hope Street, 8th Floor, Los Angeles, California, USA, CA 90071View ranked officeNashvilleNashville City Center 511 Union Street Suite 2700 , Nashville, Tennessee, USA, TN 37219View ranked officeStamfordOne Stamford Plaza, 263 Tresser Boulevard, Suite 1400, Stamford, Connecticut, USA, CT 06901-3271View ranked officeWashington, DC800 17th Street, NW, Suite 1100, Washington, DC, District of Columbia, USA, 20006View ranked office
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Articles, highlights and press releases
322 items provided by Holland & Knight LLP
Joshua Husbands Named New Leader of Holland & Knight in Portland
Holland & Knight has named Joshua Husbands executive partner of the firm's Portland office. Mr. Husbands will oversee the day-to-day management of the office while continuing to manage his practice, which focuses on private wealth services and tax counsel for private companies and their owners.
FinCEN Issues Final Rule on AML/CFT Requirements for Investment Adviser Sector
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule (Final Rule) adding certain registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to the definition of "financial institution" under the regulations implementing the BSA.
A Game Plan for Success: Basic Estate Planning for Student-Athletes
Following changes in state laws, NCAA regulations and other legal action, student-athletes now are able to generate income through name, image and likeness (NIL) deals based on marketing, appearance and licensing fees.
Side-by-Side Comparison of State Private Trust Company Laws Shows Key Advantages by Location
There are numerous laws and regulatory issues to take into account when considering a state in which to form a Private Trust Company (PTC), including requirements around annual reporting, residency of personnel and capital requirements.
Thirty Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth Guide
Thirty Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2024 guide.
IRS Proposes to Classify Basket Contracts as a Tax Avoidance Scheme
The U.S. Department of the Treasury and IRS on July 11, 2024, issued proposed regulations that would classify certain basket contract transactions as listed transactions.
Maximize Your Legacy: Take Advantage of the High Estate and Gift Tax Exemption Sunset
As part of the Tax Cuts and Jobs Act (TCJA), the estate and gift tax exemption was doubled for tax years 2018-2025.
Lawrence Kern Joins Holland & Knight's Private Wealth Services Group in Chicago
CHICAGO (July 1, 2024) – Holland & Knight welcomes Lawrence "Larry" Kern as a partner in the Private Wealth Services Group in Chicago. Also joining Holland & Knight are Associates Jared Dodd and Norbert Isaacs.
Tennessee Trust Bill Takes Effect and Makes Important Changes to the State's Trust Laws
Tennessee enacted a new trust bill effective July 1, 2024, that made several key changes to Tennessee's trust laws as well as an important change to the Tennessee general partnership statute.
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting
The IRS recently announced a new enforcement campaign that targets and investigates sports industry partnerships reporting significant tax losses.
Holland & Knight Strengthens Private Wealth Services Group with Three-Lawyer Team in Boston
Holland & Knight has strengthened its Private Wealth Services Group with a team of three attorneys in Boston.
Holland & Knight Bolsters Nonprofit and Tax-Exempt Organizations Team
Holland & Knight has strengthened its Nonprofit and Tax-Exempt Organizations Team with the addition of a five-person group of attorneys and nonprofit professionals.
Holland & Knight Grows International Private Wealth Practice with Addition of David Hryck
David Hryck, an internationally renowned tax, business and private wealth attorney in New York, has joined Holland & Knight as a partner.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Private Wealth Services Partner Bryan Howard Joins Holland & Knight in Nashville
Holland & Knight has strengthened its Private Wealth Services Group with the addition of Bryan Howard as a partner in Nashville.
Tennessee Removes Alternative Measure for Franchise Tax, Creates Automatic Refund Period
Gov. Bill Lee recently signed into law Public Chapter 950, which creates significant changes in how Tennessee's franchise tax is calculated.
Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024
The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use real property ... is reduced from 4.5 percent to 2.0 percent"
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements
In 2025, the IRS will begin increasing its oversight of cryptocurrency transactions by requiring brokers to report investor sales and exchanges tied to such transactions.
CTA Heats Up with New FAQs, Government and Amicus Briefs and New Draft Legislation
The Corporate Transparency Act (CTA) has generated frenetic activity in the Executive, Judicial and Legislative areas recently.
IRS Announces New Campaign to Audit Personal Use of Business Jets
The IRS announced a new campaign to audit high-net-worth taxpayers claiming business deductions for the use of private jets.
FinCEN Proposal for Nonfinanced Purchases of Residential Real Estate and Gratuitous Transfers
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on Feb. 7, 2024, issued a Notice of Proposed Rulemaking (NPRM).
The Corporate Transparency Act: FinCEN Clarifies the Subsidiary Rule Exemption
In response to a frequently asked question issued on Jan. 12, 2024, the Financial Crimes Enforcement Network (FinCEN) provided a much-needed clarification of the exemption titled "Subsidiary of Certain Exempt Entities" (Subsidiary Exemption).
FinCEN Issues Final Rule Implementing Access and Safeguard Provisions of the CTA
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule on Dec. 21, 2023 (Access Rule), implementing the access and safeguard provisions of the Corporate Transparency Act (CTA), which came into effect Jan. 1, 2024.
Changes to Massachusetts Estate and Income Taxes
Significant changes to the Massachusetts estate tax, capital gains tax and Massachusetts Millionaires Tax were signed into law by Gov. Maura Healey on Oct. 4, 2023.
IRS Announces Sweeping Enforcement Effort Targeting Partnerships
The IRS announced a "sweeping" and "historic" enforcement effort focused on partnerships and is establishing a special group within its Large Business and International (LB&I) Division to focus exclusively on large and complex pass-through entities.
ERC Claim Scrutiny Increases as IRS Provides Opportunities to Limit Exposure for Invalid Claims
Citing rising concern over a "flood" of improper Employee Retention Credit (ERC) claims filed by businesses, many with the assistance of ERC claim promoters, the IRS announced on Sept. 14, 2023, that it is pausing the processing of new ERC claims until at least Jan. 1, 2024.
Tennessee Legislature Approves Enhancements to Uniform Trust Code
The Tennessee legislature continues to take action to maintain Tennessee's status as one of the foremost states in which to situs trusts. Recent statutory developments resulted from the practical experiences of trustees, grantors and beneficiaries in the administration of trusts.
IRS Partnership Audits: 5 Must-Dos in 30 Days
With the IRS laser-focused on enforcement, many partnerships will find themselves subject to their first IRS audits under the new procedurally complex partnership audit rules.
Joshua Husbands Named New Leader of Holland & Knight in Portland
Holland & Knight has named Joshua Husbands executive partner of the firm's Portland office. Mr. Husbands will oversee the day-to-day management of the office while continuing to manage his practice, which focuses on private wealth services and tax counsel for private companies and their owners.
FinCEN Issues Final Rule on AML/CFT Requirements for Investment Adviser Sector
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule (Final Rule) adding certain registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to the definition of "financial institution" under the regulations implementing the BSA.
A Game Plan for Success: Basic Estate Planning for Student-Athletes
Following changes in state laws, NCAA regulations and other legal action, student-athletes now are able to generate income through name, image and likeness (NIL) deals based on marketing, appearance and licensing fees.
Side-by-Side Comparison of State Private Trust Company Laws Shows Key Advantages by Location
There are numerous laws and regulatory issues to take into account when considering a state in which to form a Private Trust Company (PTC), including requirements around annual reporting, residency of personnel and capital requirements.
Thirty Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth Guide
Thirty Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2024 guide.
IRS Proposes to Classify Basket Contracts as a Tax Avoidance Scheme
The U.S. Department of the Treasury and IRS on July 11, 2024, issued proposed regulations that would classify certain basket contract transactions as listed transactions.
Maximize Your Legacy: Take Advantage of the High Estate and Gift Tax Exemption Sunset
As part of the Tax Cuts and Jobs Act (TCJA), the estate and gift tax exemption was doubled for tax years 2018-2025.
Lawrence Kern Joins Holland & Knight's Private Wealth Services Group in Chicago
CHICAGO (July 1, 2024) – Holland & Knight welcomes Lawrence "Larry" Kern as a partner in the Private Wealth Services Group in Chicago. Also joining Holland & Knight are Associates Jared Dodd and Norbert Isaacs.
Tennessee Trust Bill Takes Effect and Makes Important Changes to the State's Trust Laws
Tennessee enacted a new trust bill effective July 1, 2024, that made several key changes to Tennessee's trust laws as well as an important change to the Tennessee general partnership statute.
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting
The IRS recently announced a new enforcement campaign that targets and investigates sports industry partnerships reporting significant tax losses.
Holland & Knight Strengthens Private Wealth Services Group with Three-Lawyer Team in Boston
Holland & Knight has strengthened its Private Wealth Services Group with a team of three attorneys in Boston.
Holland & Knight Bolsters Nonprofit and Tax-Exempt Organizations Team
Holland & Knight has strengthened its Nonprofit and Tax-Exempt Organizations Team with the addition of a five-person group of attorneys and nonprofit professionals.
Holland & Knight Grows International Private Wealth Practice with Addition of David Hryck
David Hryck, an internationally renowned tax, business and private wealth attorney in New York, has joined Holland & Knight as a partner.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Private Wealth Services Partner Bryan Howard Joins Holland & Knight in Nashville
Holland & Knight has strengthened its Private Wealth Services Group with the addition of Bryan Howard as a partner in Nashville.
Tennessee Removes Alternative Measure for Franchise Tax, Creates Automatic Refund Period
Gov. Bill Lee recently signed into law Public Chapter 950, which creates significant changes in how Tennessee's franchise tax is calculated.
Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024
The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use real property ... is reduced from 4.5 percent to 2.0 percent"
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements
In 2025, the IRS will begin increasing its oversight of cryptocurrency transactions by requiring brokers to report investor sales and exchanges tied to such transactions.
CTA Heats Up with New FAQs, Government and Amicus Briefs and New Draft Legislation
The Corporate Transparency Act (CTA) has generated frenetic activity in the Executive, Judicial and Legislative areas recently.
IRS Announces New Campaign to Audit Personal Use of Business Jets
The IRS announced a new campaign to audit high-net-worth taxpayers claiming business deductions for the use of private jets.
FinCEN Proposal for Nonfinanced Purchases of Residential Real Estate and Gratuitous Transfers
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on Feb. 7, 2024, issued a Notice of Proposed Rulemaking (NPRM).
The Corporate Transparency Act: FinCEN Clarifies the Subsidiary Rule Exemption
In response to a frequently asked question issued on Jan. 12, 2024, the Financial Crimes Enforcement Network (FinCEN) provided a much-needed clarification of the exemption titled "Subsidiary of Certain Exempt Entities" (Subsidiary Exemption).
FinCEN Issues Final Rule Implementing Access and Safeguard Provisions of the CTA
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule on Dec. 21, 2023 (Access Rule), implementing the access and safeguard provisions of the Corporate Transparency Act (CTA), which came into effect Jan. 1, 2024.
Changes to Massachusetts Estate and Income Taxes
Significant changes to the Massachusetts estate tax, capital gains tax and Massachusetts Millionaires Tax were signed into law by Gov. Maura Healey on Oct. 4, 2023.
IRS Announces Sweeping Enforcement Effort Targeting Partnerships
The IRS announced a "sweeping" and "historic" enforcement effort focused on partnerships and is establishing a special group within its Large Business and International (LB&I) Division to focus exclusively on large and complex pass-through entities.
ERC Claim Scrutiny Increases as IRS Provides Opportunities to Limit Exposure for Invalid Claims
Citing rising concern over a "flood" of improper Employee Retention Credit (ERC) claims filed by businesses, many with the assistance of ERC claim promoters, the IRS announced on Sept. 14, 2023, that it is pausing the processing of new ERC claims until at least Jan. 1, 2024.
Tennessee Legislature Approves Enhancements to Uniform Trust Code
The Tennessee legislature continues to take action to maintain Tennessee's status as one of the foremost states in which to situs trusts. Recent statutory developments resulted from the practical experiences of trustees, grantors and beneficiaries in the administration of trusts.
IRS Partnership Audits: 5 Must-Dos in 30 Days
With the IRS laser-focused on enforcement, many partnerships will find themselves subject to their first IRS audits under the new procedurally complex partnership audit rules.