International Trusts
About the Speaker:
Jennie, who is Of Counsel to the Firm, concentrates on international tax and cross-border succession planning. Jennie is admitted to the New York bar and is also qualified as a solicitor in England and Wales (she does not currently practice as a solicitor). Jennie coordinates the Firm’s due diligence and compliance practice, having worked with the Foreign Account Tax Compliance Act (FATCA) since it was first introduced. Jennie also guides family clients regarding compliance under the Common Reporting Standard (CRS) in the various jurisdictions where trusts and companies are established. She assists with determining the FATCA and CRS status for each entity within a planning structure then helps the family office to implement due diligence and reporting procedures. An expert on IRS W-8 forms and CRS self-certifications, Jennie assists clients with completion of forms, subscription agreements and account opening documentation. Jennie advocates to minimize incorrect reporting. The Firm is an enrolled third-party filer for FATCA reporting purposes and Jennie prepares and submits reports for certain foreign entities under Model 2 IGAs and the FATCA Regulations. She also assists with the submission of FATCA and CRS reports on exchange of information portals in various jurisdictions. In addition to family clients, Jennie represents both US and offshore trust companies, assisting them with FATCA classifications, due diligence, and reporting. She regularly conducts training programs and due diligence reviews. Onshore, Jennie advises on foreign bank account reports (FBAR), reporting on Form 5472 required of foreign-owned single member LLCs, and other compliance obligations.
Jennie is a firm believer in the positive use of trusts within an international succession plan. She writes the Private Client and Offshore Services Newsletter - USA for the International Law Office (www.internationallawoffice.com), a Globe Business Publishing website providing global analysis to lawyers worldwide via the internet.
Having practiced in the trusts and estates area for thirty years, Jennie has had extensive experience in the most sophisticated estate planning techniques. Jennie’s focus is the preparation of and tax advice related to foreign trusts and their holding companies in various offshore jurisdictions. In addition to succession planning, Jennie has handled numerous estate administrations. Jennie’s concentration on international tax and cross-border estate planning has provided valuable experience including:
• offshore trust creation and administration for U.S. citizens or residents and for non-residents not citizens of the United States;
• qualification of offshore trusts as foreign grantor trusts for U.S. income tax purposes and annual reporting requirements;
• succession planning for non-US citizens resident in the U.S. and U.S. citizens resident outside the U.S., many of whom own property in a third country;
• estate administration proceedings in England, France, and other countries combined with U.S. estate tax proceedings and treaty issues.
Jennie served for several years as secretary for the New York Branch of the Society of Trust and Estate Practitioners (STEP) and is currently on the STEP Directory and Yearbook Editorial Board for the United States. Jennie received a B.S. from Miami University in 1984; a J.D. (cum laude) from Boston College Law School in 1988, where she was Cite and Substance Editor for the Environmental Affairs Law Review; and an LL.M. in taxation from New York University Law School in 1993. She is a member of the Probate Section and Solicitors Abroad of the Law Society for England and Wales. Jennie has served on the Trusts, Estates and Surrogate’s Courts Committee of the Association of the Bar of the City of New York and spoken on U.S. tax considerations relevant to offshore trusts as a member of past faculties of the IBC Annual International Trust & Tax Planning Conference.
Registration will close at 5 pm on Monday, January 20th. Please register if you will attend to ensure we have an accurate lunch count. Thank you!
