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Glenn G. Fox

Glenn G. Fox

Partner
Baker & McKenzie LLP

Biography

Glenn G. Fox is a partner of Baker McKenzie's Wealth Management and Tax Practice Groups in New York and a member of the firm’s Global Tax Wealth Management Steering Committee. He is a domestic and international tax, estate planning, and tax-exempt (charitable) organizations lawyer with vast experience working with closely held businesses, families and charitable organizations from the US and overseas. Glenn is a member of the American College of Trust and Estate Counsel and of the Society of Trust and Estate Practitioners and has been recognized for fourteen consecutive years (2007-2020) as a "New York Super Lawyer" by the New York Times.

Practice Focus

Glenn's wealth management practice focuses on the use of sophisticated wills, trusts, closely held entities, tax-exempt (charitable) entities and non-charitable purpose trusts to enable clients to bequeath and gift assets with the imposition of the least amount of transfer and income taxes. He has significant experience in dealing with closely held business interests, retirement assets, foreign assets, foreign trusts and US and international tax exempt organizations. He represents domestic and foreign clients with worldwide assets in succession, estate, trust, tax and tax exempt/not-for-profit organization matters. Glenn's tax exempt/not-for-profit practice includes all elements of establishing and operating US and non-US charitable organizations that do business in the US and abroad.

Representative Legal Matters

  • Represents non-US entrepreneurs establishing US business ties with their treaty based US income tax and estate tax planning

  • Represents major publicly traded US multinational fashion company with respect to its corporate philanthropy via various US private charitable foundations

  • Represents European based founders of software and healthcare companies on US pre-immigration personal tax planning and US philanthropic planning via foreign charitable foundations 

  • Represents European privately held multinational consumer products company with US charitable foundation operations

  • Represents major publicly traded US company with the establishment of a non-charitable purpose trust structure

  • Represents New Jersey based family owning interests in closely held Asia based multinational company on international tax and estate planning

  • Represents multiple generations of US based family owning multinational manufacturing company on estate and philanthropic planning that includes charitable foundations and social welfare organizations

  • Assists various charitable foundations with international ties for the purpose of establishing public charity branches in the United States 

  • Represents royal family from Europe with respect to the restructuring of various US trusts that date back to the 1920s for gift tax planning

  • Advises the heirs of a pharmaceutical manufacturing company in a significant family trust matter 

Professional Honors

  • Ranked Band 2, Chambers Private Wealth Law
  • Who's Who Legal, Private Client Global Leader
  • New York Super Lawyer, New York Times
  • Recommended Lawyer, Legal 500 US
  • US News Best Lawyers, Trusts & Estates
  • UJA Lawyers Division Trusts & Estates Group 30th Annual Event Honoree

Professional Associations and Memberships

  • American College of Trust and Estate Counsel - Downstate New York State Chair; FATF Task Force co-Chair
  • Society of Trust and Estate Practitioners - Co-chair New York Chapter
  • New York State Bar Association International Section - Past Section Chair & House of Delegates Member; International Section Executive Committee Member
  • UJA-Federation of New York Trusts and Estates Group - Member
  • New York City Bar Association - Member

Admissions

  • District of Columbia~United States (1992)
  • New York~United States (1991)
  • Connecticut~United States (1991)
  • New Jersey~United States (1990)

Education

  • New York University (LL.M. Taxation) (1994)
  • Albany Law School (J.D., cum laude) (1990)
  • Cornell University (B.A.) (1987)

Publications & Presentations

  • Speaker on Foreign Trust Taxation and Planning at the 2024 ACTEC Annual Meeting
  • Speaker on the Corporate Transparency Act at the 2022 ACTEC Annual Meeting, the 2023 American Bankers Association and Delaware Bankers Association Trust Conferences, the 2023 North Carolina Estate Planning Council, and the 2024 New Jersey Estate Planning Council
  • Co-author, "Joining the Global Community in the Fight Against Financial Secrecy: Congress Enacts the Corporate Transparency Act to Mandate Beneficial Ownership Reporting in the United States," ACTEC Law Journal, Fall 2022
  • Co-author, "The Estate Tax Should Not Apply to Domestic Stock Owned by NRAs," Quinnipiac Probate Law Journal, Volume 34, Issue 2, 2021
  • Co-author, "The IRS's Interim Guidance on Section 4960 Leaves Corporate Philanthropists Wondering About the Feasibility and Cost of Compliance," Corporate Taxation, November/December 2019
  • Panel Chair and Speaker, "Asian/North American Estate Planning for the Coming Decade," NYSBA International Section Global Conference, Tokyo, November 2019
  • Panel Chair and Speaker, "US-Canadian Estate Planning," NYSBA International Section Montreal Meeting, October 2018
  • Speaker, "US Tax Reform," STEP Israel Conference, Tel Aviv, Israel, June 2018
Baker & McKenzie LLP is a Limited Liability Partnership organized under the laws of the State of Illinois (USA) and is a member of Baker & McKenzie International, a Verein organized under the laws of Switzerland.