Featured Publications

Business and Tax: Alert - August 27, 2008

In a significant, taxpayer-friendly pronouncement, the IRS ruled that a total return swap, the return of which is calculated by reference to a broadly based real estate index, does not give rise to a U.S. real property interest (USRPI) for purposes of Section 897. Rev. Rul. 2008-31 is noteworthy for non-U.S. persons investing synthetically in U.S. real estate related assets for at least two reasons which will be discussed, along with other issues, in this alert.

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Holland & Knight Team Closes $20 Million Transaction to Sell Traffic Control Products Business on Behalf of Quixote Corporation

CHICAGO – On July 25, 2008, Holland & Knight closed a $20 million transaction on behalf of longtime client Quixote Corporation to sell its Intersection Control business segment to Signal Group. Quixote's Intersection Control business segment produces and sells intelligent traffic control systems, pedestrian signals and other products for the traffic control market. The $20 million time sensitive transaction took place in less than five weeks and involved the sale of all outstanding capital stock of three Quixote subsidiaries.

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Press Releases

Donald Goldsmith Joins Holland & Knight’s Private Wealth Services Practice
 
March 15, 2005
 
Donald Goldsmith - New York

NEW YORK – The largest group of trusts and estates lawyers in the nation continues its strategic expansion with the arrival of Donald A. Goldsmith. Goldsmith joins the firm as a partner in the Private Wealth Services’ Estate Planning Group. He will operate out of the Rancho Santa Fe, Calif., and New York City offices.

Goldsmith brings extensive experience in the areas of exempt organizations, estate planning, trust and estate administration and dispute resolution. He has served for many years as outside general counsel to the Doris Duke Charitable Foundation, the Wallace Foundation (formerly the Wallace-Reader’s Digest Funds) and The American Foundation for the Blind. Goldsmith has administered several complex large estates in New York and other jurisdictions, and represented clients in a variety of forums in connection with disputed matters, including probate courts in several jurisdictions and the U.S. Tax Court. In addition, he has developed sophisticated estate plans for many high-net-worth clients and has advised privately held companies on pre-public offering estate planning structures.

“Don is nationally regarded in the trusts and estates community and in the field of exempt organizations,” said Ed Koren, chair of Holland & Knight’s Private Wealth Services Section. “He brings a perspective and depth of experience reflecting many years of individual experience in nearly every area of trusts and estates law. His track record and reputation make him an invaluable addition to our practice.”

Prior to joining Holland & Knight, Goldsmith served as a partner in Shearman & Sterling’s Private Client Group. He is a member of the New York State Bar Association and the Association of the Bar of the City of New York, as well as the American Bar Association. He is a Fellow of the American College of Trust and Estate Counsel and an Academician of the International Academy of Estate and Trust Law. In addition, he is a trustee of the Brooklyn Botanical Garden and is a member of the Professional Advisers’ Councils of the Metropolitan Museum of Art and Lincoln Center for the Performing Arts.

Goldsmith graduated from Bowdoin College in 1965 and received his LL.B. from Columbia University School of Law in 1968, where he was a Harlan Fiske Stone Scholar.

About Holland & Knight’s Private Wealth Services Section: Holland & Knight’s Private Wealth Services Section serves clients with needs that often span personal, business and nonprofit matters by taking a comprehensive, integrated approach to the areas of sophisticated estate planning, trust and estate administration and fiduciary litigation, nonprofit organizations, charitable gift planning, and family and private businesses. With 20 lawyers who are Fellows of the American College of Trust and Estate Counsel (ACTEC), Holland & Knight has the highest number of any law firm in the country.

Contact: Kathleen Larrison, 813-769-4330