Citywealth Speaks to Jennifer Wioncek

Citywealth Magazine
February 23, 2018

Citywealth: Tell me about your role at Bilzin Sumberg
I am a partner in the Tax, Trusts & Estates Practice Group. My clients include HNW individuals and cross-border families. I also advise on pre-immigration planning, expatriation planning, and international reporting and compliance. I view my practice as the "circle of life" in many ways because I advise my clients throughout the various stages of their lives.

Citywealth: How has the private client industry changed?
The world has become smaller in a lot of ways. With the Foreign Account Tax Compliance Act initiated by the United States in 2010, more recently the Common Reporting Standard (CRS) implemented by the OECD, and the enactment of numerous beneficial ownership registries around the world, the age of secrecy is dead and the new age of transparency gained momentum on a global scale. As a result there has been more interest in tax amnesty programs, controlled foreign corporation rules, and other measures to increase tax income. This has triggered major tax reforms in the UK, Colombia, Argentina, and now the United States.

Citywealth: What impact has the first year of the Trump presidency had?
Our clients have more confidence because of President Trump's campaign promises to reduce tax rates and other changes. On the estate planning side we haven’t seen a lot of movement because of the uncertainty about whether President Trump's initiatives can be passed by Congress.

To read the full article from Citywealth Magazine please click here.

Jennifer J. Wioncek
Practice Group Leader, Tax & Private Wealth
Press Release January 17, 2024
Ryan J. Coyle has joined the Bilzin Sumberg as a Partner in the firm’s Tax & Private Wealth Group, bringing with him a wealth of experience in international tax and estate planning.
Press Release July 17, 2017
For the third consecutive year, Bilzin Sumbergis a finalist for Legal Advisor of the Year at the P3 2017 Awards conference. The Firm's P3 experience includes rail and transit facilities, airports, marinas, sports facilities, convention centers, healthcare/life sciences facilities, educational instit...
Press Release January 02, 2017
Three attorneys elected to Bilzin Sumberg's partnership. Effective January 1, 2017, Tax & Estate Planning attorney Mildred Gomez, Litigation attorney Lori Lustrin, and Real Estate attorney Phillip S. Sosnow will become the Firm's newest partners.