Mr. Loening's practice is primarily in the fields of tax and estate planning for families that have concentrated investments, such as stock of closely held corporations, limited liability companies and partnerships which are owned either directly or through family trusts. He advises on shareholders' agreements, redemptions, and business valuations. He also advises trustees of family trusts on their fiduciary and investment responsibilities and on legal and tax matters. Mr. Loening's clients include foreign individuals who wish to provide for U.S. family members. He advises on the differences between U.S. and foreign law and accounting principles applicable to trusts, and on compliance with U.S. reporting rules applicable to foreign trusts, including distributions to U.S. beneficiaries, bank and investment accounts and ownership of foreign securities. Mr. Loening also advises charitable foundations on corporate policies, tax matters, and best practices.
- Represented the principal shareholder of a corporation in connection with a merger transaction in which the corporation went private, redeeming the stock owned by public shareholders.
- Advised family trustees on their fiduciary responsibilities in connection with closely held investments through corporations and limited liability company engaged in real estate developments and investments, and on the tax consequences to the trusts and their beneficiaries of specific business ventures.
- Advised a group of U.S. shareholders in connection with the tax consequences of a buy-back offer for shares of a foreign corporation.
- Provided legal and tax advice to a family group on the feasibility and consequences of changing the situs of trusts from a foreign country to the U.S.
- Advised clients having interests in foreign trusts, foreign accounts or foreign investments on the requirements of the Foreign Account Tax Compliance Act (FATCA).