of counsel, Kozusko Harris Duncan LLP
Jennie Cherry is of counsel to Kozusko Harris Duncan LLP. She concentrates on international tax and cross-border estate 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). Having practiced in the trusts and estates area for many years, Jennie has had extensive experience in the most sophisticated estate planning techniques, including preparation of and tax advice related to foreign trusts in various offshore jurisdictions. In addition to estate 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;
- estate 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;
- renunciation of U.S. citizenship and impact of the “exit tax;”
- following all proposed and enacted Legislation and rulings regarding the reporting of foreign financial accounts, distributions from foreign trusts and receipt of foreign gifts.
Jennie writes regularly for the Offshore Services Newsletter of the International Law Office (www.internationallawoffice.com), a Globe Business Publishing website providing global analysis to lawyers worldwide via the internet. She 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.