Holland & Knight LLP
High Net Worth Guide 2023
Holland & Knight LLP
Share profile
About
Managing Partner: Steven Sonberg
Number of partners: 1086
Number of lawyers: 2028
Languages: Albanian, Arabic, Bulgarian, Cantonese, Croatian, Danish, English, Farsi, French, German, Greek, Guarani, Gujarati, Haitian Creole, Hebrew, Hindi, Italian, Japanese, Korean, Macedonian, Mandarin, Norwegian, Portuguese, Russian, Serbian, Spanish, Swedish, Tagalog, Tamil, Urdu, Vietnamese
Main Areas of Practice:
Wealth Planning & Preservation:
Successful wealth planning and preservation demands investing the time to learn about each client's long-term goals, family situation, business holdings and insurance coverages to ensure we understand the big picture before recommending a course of action. Each wealth plan we devise is unique because each client's current circumstances and long-term goals are different.
Every comprehensive lifetime wealth transfer plan we develop involves an iterative process that includes continual attention and adaptation to 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.
Contact: David Scott Sloan
Tel: +1 617 573 5803
Email: [email protected]
Contact: Christopher Boyett
Tel: +1 305 789 7790
Email: [email protected]
Family Offices:
We serve as private general counsel to families and family offices. As a family office law firm, we navigate Holland & Knight's vast resources for our family office clients. Our Family Office Group, which includes attorneys and other professionals from many practices across the firm, regularly provides guidance and advice regarding the best structure to suit the family's objectives, whether it be starting with a virtual family office, creating a single family office or even a private trust company.
Contact: David Thal
Tel: +1 203-905-4505
Email: [email protected]
Contact: Brent Berselli
Tel: +1 503-243-5870
Email: [email protected]
Estate Disputes and Fiduciary Litigation:
We serve as private general counsel to families and family offices. As a family office law firm, we navigate Holland & Knight's vast resources for you. Our Family Office Group, which includes attorneys and other professionals from many practices across the firm, regularly provides guidance and advice regarding the best structure to suit the family's objectives, whether it be starting with a virtual family office, creating a single family office or even a private trust company.
Contact: Vivian Thoreen
Tel: +1 213 896 2482
Email: [email protected]
Private Aircraft:
Holland & Knight assists clients in the acquisition and financing of business aircraft. We structure our clients' aviation operations to reduce liability exposure, comply with the myriad federal and state regulatory requirements and take full advantage of tax planning opportunities. Our team advises clients on a full range of aviation law issues, from flying political candidates and personal use of corporate aircraft to litigation related to their aircraft. With offices in the UK, Latin America and throughout the USA, our firm is well-positioned to assist with international transactions in these regions and around the globe. We have vast experience handling cross-border business aircraft transactions and regularly represent owners, air carriers and financial institutions in such transactions, both in the commercial and business aircraft segments. Members of our team are well-versed in the export, customs and airworthiness issues that arise in cross-border aircraft transactions and we frequently collaborate with the firm's international tax lawyers in an effort to minimize the associated tax liabilities.
Contact: Robert A Ricketts
Tel: +44 20 7071 9910
Email: [email protected]
Insurance:
We efficiently prepare loan structures and quality documentation for institutional clients and advise on trust formation, intergenerational planning, insurance policy and collateral matters.
In addition to numerous traditional premium financings in which an irrevocable life insurance trust serves as borrower (with credit support in the form of a guaranty from the grantor, as needed), we have also represented lenders in multiple split-dollar planning arrangements (both economic benefit and loan regime) in which the grantor of one or more life insurance trusts serves as borrower and loan proceeds are advanced from the grantor to such trusts. We also serve as counsel to lenders in refinancings of existing life insurance premium loan facilities.
Contact: Joshua Husbands
Tel: +1 503 243 5862
Email: [email protected]
Nonprofit and Tax-Exempt Organizations:
While nonprofit and tax-exempt organizations enjoy special tax advantages, the rules and regulations governing them are complex and ever changing. We help organizations successfully navigate through them. Recent developments that impact tax-exempt organizations include an increased IRS focus on governance and tax issues for exempt entities, the revised IRS Form 990 that considerably increases required disclosures, and the active interest of state attorneys general in the operations and activities of tax-exempt organizations. Our team provides clients with comprehensive legal representation, ranging from matters exclusive to tax-exempt organizations, such as excise taxes, intermediate sanctions and unrelated business taxable income, to those common to all business entities, including employment law, real estate leasing and intellectual property issues.
Contact: Jason Havens
Tel: +1 850 425-5655
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
Contributions
Latest contributions provided by Holland & Knight LLP
All contributions provided by Holland & Knight LLP
Holland & Knight LLP rankings
Articles, highlights and press releases
246 items provided by Holland & Knight LLP
Biden Administration's Made in America Tax Plan: Procedural Aspects
Part 1: Buckle Up for the Impact on International Tax Reform
Contract Allocations and Judicial Doctrines
District Court Case Applies Strong Proof Test to Boxing Contracts to Address Puerto Rico Source Income
Biden Administration's Made in America Tax Plan: Interaction with OECD Inclusive Framework
Part 2: Buckle Up for the Impact on International Tax Reform
IRS Continues to Audit and Litigate Against Cannabis Businesses
As Congress continues to deliberate the federal legalization of marijuana, the cannabis industry continues to face scrutiny from the IRS under Section 280E of the Internal Revenue Code (Code).
Tax Liability Issues to Consider for High-Net-Worth Couples in Divorce
Divorce is not a topic most clients or tax advisors enjoy discussing.
Biden's American Families Plan Proposes Income Tax Hikes
The American Families Plan is the third part of the Biden Administration's Build Back Better agenda, addressing "human infrastructure" and containing proposals on free education, direct support to children and families, and the extension of tax cuts for families with children and American workers.
Large Corporations and Wealthy Taxpayers Beware: The Taxman is Coming
Internal Revenue Service (IRS) Commissioner Chuck Rettig on April 13, 2021, told a U.S. Senate panel that the tax gap1 in the U.S. may total $1 trillion per year.
Tennessee retains status as a leading trust jurisdiction
On May 12, 2021, Tennessee Governor Bill Lee signed into law a bill containing several revisions to Tennessee’s Uniform Trust Code (the “TN UTC”).
When IRS Penalty Assertions Are Unlawful
One of the most highly litigated issues in U.S. Tax Court is whether taxpayers are liable for certain penalties, additions to tax or additional amounts (each, a "penalty" and collectively, "penalties").
U.S. Supreme Court Decision May Pave Way for Future IRS Lawsuits
The U.S. Supreme Court recently rendered a unanimous opinion holding that the Anti-Injunction Act (AIA) did not block a lawsuit brought by CIC Services against the Internal Revenue Service (IRS), delivering an important victory to CIC and similarly situated taxpayers everywhere.
Biden Administration's FY 2022 Budget and Its Tax Increases for Corporations, Wealthy
By way of background, the budget that the president submits to Congress contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal government.
Biden Administration's FY 2022 Budget and International Tax Changes
A previous Holland & Knight alert provided an overview of corporate and individual income tax increases as detailed in the U.S. Department of the Treasury May 2021 "Green Book." (See "Biden Administration's FY 2022 Budget and Its Tax Increases for Corporations, Wealthy," June 3, 2021.)
The Green Book and Green Energy
Biden Administration's Budget Proposal Expands, Extends and Creates Tax Credits for Renewable Energy
Agreement on Global Tax Reform: What Happened and What's Next
Addressing the tax challenges arising from the digitalization of the economy has been a top priority of the Base Erosion Profit Shifting (BEPS) project of the Organization for Economic Cooperation and Development (OECD)/G-20 Inclusive Framework (IF)1 since 2015.
How Can the Same Right Create 2 Separate Property Interests?
A Closer Look at Taxpayers' Property Rights, State Laws and the Legitimacy of IRS Liens/Levies
IRS Promotes Use of Fallback Language to Assist with Libor, IBOR Transition
The Internal Revenue Service (IRS) released Revenue Procedure 2020-44 to assist the market's transition from the London Interbank Offered Rate (Libor) and other interbank offered rates (IBORs) to alternative reference rates by promoting the adoption of fallback language recommended by the...
U.K., U.S. Reach Competent Authority Agreement on "Equivalent Beneficiary" Status
The United Kingdom and the U.S. Competent Authorities published on July 28, 2021, a Competent Authority Agreement (the Agreement) under the bilateral U.K.-U.S. Income Tax Treaty (the U.K. Treaty).1
Offshore Lenders Targeted by IRS Audit Campaign
Since 2017, the Internal Revenue Service (IRS) Large Business and International Division (LB&I) has shifted its audit efforts to issue-based examinations, premised on strategically identified and prioritized areas of compliance risks to address taxpayer compliance.
IRS Extends Time Period of Telephonic Public Approval Hearings for Private Activity Bonds
The Internal Revenue Service (IRS) has released Revenue Procedure 2021-39, which extends the time period for telephonic Tax Equity and Fiscal Responsibility Act (TEFRA) hearings until March 31, 2022.
IRS Adds a Potential Self-Dealing Transaction to the No-Rule List
The IRS issued Revenue Procedure 2021-40, 2021-38 IRB 1 on Sept. 3, 2021, adding a private foundation issue to the list of those areas on which the IRS will no longer issue private letter rulings or determination letters: The IRS indicated that it is "currently reviewing" its prior ruling position..
Regulatory Changes Impact Leasehold Condominiums in New York
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to qualify for a real property tax exemption.
Regulatory Changes Impact Leasehold Condominiums in New York
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to qualify for a real property tax exemption.
NBAA Article Explains IRS Stance on Entertainment Disallowance for Sole Proprietors
The Internal Revenue Service (IRS) recently released Chief Counsel Advice (CCA) 2021-17-012 to explain that sole proprietor flights are generally not subject to the employer-provided aircraft rules in Internal Revenue Code Section 274
House Ways and Means Committee Tax Plan Proposes Changes to Estate Planning
The House Committee on Ways and Means has proposed a tax plan intended to fund President Joe Biden's "Build Back Better" $3.5 trillion infrastructure program.
Maintaining Privilege with Non-Lawyer Experts Under Kovel
Holland & Knight Partners Abbey Garber and Denise Mudigere, along with Associate Kate Minnich, co-authored an article in the December 2021 issue of Headnotes, a publication of the Dallas Bar Association.
Update for Employers: Recent Legislation Improves, Extends Employee Retention Credit
The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax credit important to many employers struggling as a result of the COVID-19 pandemic.
Same Statute, Same Form, Different Penalties: Welcome to FBAR Litigation
The "Report of Foreign Bank and Financial Accounts" (FBAR) penalty has been the subject of much litigation.
Increased Hart-Scott-Rodino Thresholds Set to Take Effect Feb. 23, 2022
The Federal Trade Commission (FTC) has announced this year's revisions to the thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), which will apply to all transactions closing on or after Feb. 23, 2022.
IRS Issues Favorable Tax Regulations on Management Company Exception to FET
Over the past few years, the Internal Revenue Service (IRS) has worked to issue final regulations that provide guidance to aircraft management companies and aircraft owners regarding their federal excise tax (FET) obligations.
Proposed Regulations Greatly Expand Guidance on Required Minimum Distributions
The Internal Revenue Service (IRS) issued expansive proposed regulations (the Proposed Regulations) on Feb. 24, 2022, reflecting the required minimum distribution (RMD) rules as set out in the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and providing significant...
Biden Administration's Made in America Tax Plan: Procedural Aspects
Part 1: Buckle Up for the Impact on International Tax Reform
Contract Allocations and Judicial Doctrines
District Court Case Applies Strong Proof Test to Boxing Contracts to Address Puerto Rico Source Income
Biden Administration's Made in America Tax Plan: Interaction with OECD Inclusive Framework
Part 2: Buckle Up for the Impact on International Tax Reform
IRS Continues to Audit and Litigate Against Cannabis Businesses
As Congress continues to deliberate the federal legalization of marijuana, the cannabis industry continues to face scrutiny from the IRS under Section 280E of the Internal Revenue Code (Code).
Tax Liability Issues to Consider for High-Net-Worth Couples in Divorce
Divorce is not a topic most clients or tax advisors enjoy discussing.
Biden's American Families Plan Proposes Income Tax Hikes
The American Families Plan is the third part of the Biden Administration's Build Back Better agenda, addressing "human infrastructure" and containing proposals on free education, direct support to children and families, and the extension of tax cuts for families with children and American workers.
Large Corporations and Wealthy Taxpayers Beware: The Taxman is Coming
Internal Revenue Service (IRS) Commissioner Chuck Rettig on April 13, 2021, told a U.S. Senate panel that the tax gap1 in the U.S. may total $1 trillion per year.
Tennessee retains status as a leading trust jurisdiction
On May 12, 2021, Tennessee Governor Bill Lee signed into law a bill containing several revisions to Tennessee’s Uniform Trust Code (the “TN UTC”).
When IRS Penalty Assertions Are Unlawful
One of the most highly litigated issues in U.S. Tax Court is whether taxpayers are liable for certain penalties, additions to tax or additional amounts (each, a "penalty" and collectively, "penalties").
U.S. Supreme Court Decision May Pave Way for Future IRS Lawsuits
The U.S. Supreme Court recently rendered a unanimous opinion holding that the Anti-Injunction Act (AIA) did not block a lawsuit brought by CIC Services against the Internal Revenue Service (IRS), delivering an important victory to CIC and similarly situated taxpayers everywhere.
Biden Administration's FY 2022 Budget and Its Tax Increases for Corporations, Wealthy
By way of background, the budget that the president submits to Congress contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal government.
Biden Administration's FY 2022 Budget and International Tax Changes
A previous Holland & Knight alert provided an overview of corporate and individual income tax increases as detailed in the U.S. Department of the Treasury May 2021 "Green Book." (See "Biden Administration's FY 2022 Budget and Its Tax Increases for Corporations, Wealthy," June 3, 2021.)
The Green Book and Green Energy
Biden Administration's Budget Proposal Expands, Extends and Creates Tax Credits for Renewable Energy
Agreement on Global Tax Reform: What Happened and What's Next
Addressing the tax challenges arising from the digitalization of the economy has been a top priority of the Base Erosion Profit Shifting (BEPS) project of the Organization for Economic Cooperation and Development (OECD)/G-20 Inclusive Framework (IF)1 since 2015.
How Can the Same Right Create 2 Separate Property Interests?
A Closer Look at Taxpayers' Property Rights, State Laws and the Legitimacy of IRS Liens/Levies
IRS Promotes Use of Fallback Language to Assist with Libor, IBOR Transition
The Internal Revenue Service (IRS) released Revenue Procedure 2020-44 to assist the market's transition from the London Interbank Offered Rate (Libor) and other interbank offered rates (IBORs) to alternative reference rates by promoting the adoption of fallback language recommended by the...
U.K., U.S. Reach Competent Authority Agreement on "Equivalent Beneficiary" Status
The United Kingdom and the U.S. Competent Authorities published on July 28, 2021, a Competent Authority Agreement (the Agreement) under the bilateral U.K.-U.S. Income Tax Treaty (the U.K. Treaty).1
Offshore Lenders Targeted by IRS Audit Campaign
Since 2017, the Internal Revenue Service (IRS) Large Business and International Division (LB&I) has shifted its audit efforts to issue-based examinations, premised on strategically identified and prioritized areas of compliance risks to address taxpayer compliance.
IRS Extends Time Period of Telephonic Public Approval Hearings for Private Activity Bonds
The Internal Revenue Service (IRS) has released Revenue Procedure 2021-39, which extends the time period for telephonic Tax Equity and Fiscal Responsibility Act (TEFRA) hearings until March 31, 2022.
IRS Adds a Potential Self-Dealing Transaction to the No-Rule List
The IRS issued Revenue Procedure 2021-40, 2021-38 IRB 1 on Sept. 3, 2021, adding a private foundation issue to the list of those areas on which the IRS will no longer issue private letter rulings or determination letters: The IRS indicated that it is "currently reviewing" its prior ruling position..
Regulatory Changes Impact Leasehold Condominiums in New York
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to qualify for a real property tax exemption.
Regulatory Changes Impact Leasehold Condominiums in New York
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to qualify for a real property tax exemption.
NBAA Article Explains IRS Stance on Entertainment Disallowance for Sole Proprietors
The Internal Revenue Service (IRS) recently released Chief Counsel Advice (CCA) 2021-17-012 to explain that sole proprietor flights are generally not subject to the employer-provided aircraft rules in Internal Revenue Code Section 274
House Ways and Means Committee Tax Plan Proposes Changes to Estate Planning
The House Committee on Ways and Means has proposed a tax plan intended to fund President Joe Biden's "Build Back Better" $3.5 trillion infrastructure program.
Maintaining Privilege with Non-Lawyer Experts Under Kovel
Holland & Knight Partners Abbey Garber and Denise Mudigere, along with Associate Kate Minnich, co-authored an article in the December 2021 issue of Headnotes, a publication of the Dallas Bar Association.
Update for Employers: Recent Legislation Improves, Extends Employee Retention Credit
The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax credit important to many employers struggling as a result of the COVID-19 pandemic.
Same Statute, Same Form, Different Penalties: Welcome to FBAR Litigation
The "Report of Foreign Bank and Financial Accounts" (FBAR) penalty has been the subject of much litigation.
Increased Hart-Scott-Rodino Thresholds Set to Take Effect Feb. 23, 2022
The Federal Trade Commission (FTC) has announced this year's revisions to the thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), which will apply to all transactions closing on or after Feb. 23, 2022.
IRS Issues Favorable Tax Regulations on Management Company Exception to FET
Over the past few years, the Internal Revenue Service (IRS) has worked to issue final regulations that provide guidance to aircraft management companies and aircraft owners regarding their federal excise tax (FET) obligations.
Proposed Regulations Greatly Expand Guidance on Required Minimum Distributions
The Internal Revenue Service (IRS) issued expansive proposed regulations (the Proposed Regulations) on Feb. 24, 2022, reflecting the required minimum distribution (RMD) rules as set out in the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and providing significant...