October 8, 2021

U.S. Tax Reform and its Impact on Family Offices

Chambers High Net Worth Webinar

Private Wealth attorneys David Thal, Brent Berselli and Sean Tevel joined a Chambers High Net Worth Webinar titled "U.S. Tax Reform and its Impact on Family Offices." They discussed a number of key issues and considerations family offices should be aware of in relation to U.S. tax reform policy.

Key discussion points included:

  • Inbound investment into U.S. through non-U.S. family offices
  • Non-U.S. persons establishing family offices in the U.S.
  • U.S. family offices and tax reform considerations
  • Family office structuring after Tax Reform Act of 2017 (TCJA) eliminated most deductions for investment-related expenses
  • Structuring business model to support deductibility of expenses
  • Discussion of planning with C Corporations for both U.S.-based and non-U.S. family offices
  • Alternative to C Corp structure using U.S. Tax Court decision in Lender Management LLC
  • Potential for increased SEC/regulatory oversight on family offices

Duration: 51:00

Please note registration is required to view this program.

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