Grant, Herrmann, Schwartz & Klinger LLP
Established 1946

Grant, Herrmann, Schwartz & Klinger is an international law firm with
70 years of experience representing high-net-worth individuals, private companies and family offices in domestic and cross-border matters.

RECENT NEWS
04/01/2016

FATCA Services and Fee Schedule

The Foreign Account Tax Compliance Act (FATCA) is US legislation that targets US taxpayers who use foreign financial accounts and foreign entities to avoid their US income tax and reporting obligations. The FATCA legislation generally classifies all non-US entities (e.g., private investment companies, trusts, foundations) as either Foreign Financial Institutions (FFIs) or Non-Financial Foreign Entities (NFFEs). An entity’s FATCA obligations vary depending on whether the entity is an FFI or NFFE and the jurisdiction of the entity.

03/23/2016

David Sahargun Elected Partner

Grant, Herrmann, Schwartz & Klinger is pleased  to announce the election of
David Sahargun to the position of Partner.

“David’s expertise developing sophisticated wealth management structures and advis- ing on U.S. and international tax compliance matters has added another dimension to our already significant private client practice,” said Partner Milton Schwartz. “He will, I am sure, continue to be a great asset to the firm, which is now in its 70th year.”
 

03/21/2016

70th Anniversary Announcement

It was 70 years ago that David Grant and Albert Herrmann established the law firm Grant & Herrmann in a small office on Wall Street. The primary focus of the firm was advising U.S. companies doing business in Latin America. The firm’s largest client, a major U.S. airline, had a direct telephone line to David Grant’s desk.

03/01/2016

FINCEN Geographic Targeting Order For Luxury All-Cash Purchases In Manhattan and Miami-Dade

On January 6, 2016, the Director of the United States Department of the Treasury Financial Crimes Enforcement Network ("FinCEN") issued a "Geographic Targeting Order" (the "Order") requiring title insurance companies to report the identity of purchasers using entities to acquire residential real estate in all-cash transactions.