Miles C. Padgett
KOZUSKO HARRIS DUNCAN
1666 K. Street NW, Suite 400
Washington, D.C. 20006
Telephone (202) 457-7208
Miles’ practice focuses on affluent families, family offices and trust companies (private or commercial) serving such clients. He counsels those clients regarding:
- private and retail trust company chartering and on-going management matters, including anti-money laundering compliance and regulation, whether for highly successful, strategically-minded families or well-known domestic and international financial institutions
- family office structuring, governance and succession issues, including executive compensation and retention
- investment adviser compliance and regulation issues
- structuring of family investments and investment vehicles, and
- tax and estate planning matters.
Miles writes and speaks on a wide variety of tax and wealth management topics.
Miles was a founding member of the firm, and resigned from the partnership in 2004 to join the financial services community. After spending over 5 years as an investment consultant focusing on asset allocation and manager search and selection, Miles re-joined the firm as a partner in December 2009.
Miles earned a Bachelor of Arts degree, with distinction, from Cornell University and a Juris Doctor degree from Vanderbilt University, where he was a member of the Vanderbilt Journal of Transnational Law.
Recent, Representative Projects:
- Assisting client in designing, building and staffing family office powered by cutting-edge technology that provides real-time transparency into, and risk management for, client family’s investments (even at the security trading level) owned by dozens of complex entities
- Assisting family office in restructuring its internal governance system to accommodate family members who feel disenfranchised and to provide them with enhanced participation as appropriate for their individual skill sets and interests
- Assisted various highly successful families in chartering and starting private trust institutions for the complex network of trusts and accounts of those respective families, to enable the long-term management by the families of their respective closely-held businesses interests and liquid assets
- Assisted well-known international financial institution in establishing a U.S.-based, commercial trust company for expanding operations of that institution into the U.S.
Articles and Presentations:
- Primary Options for Pursuing and Achieving Strategic Family Aspirations, and Choosing the Right PFTC Charter State – The Four Great State Building Blocks, Family Office Exchange 2016 Private Family Trust Company Workshop and Symposium, February 2016.
- Private Trust Companies - A Practical Introduction to a Bespoke Solution, Investment & Wealth Monitor, January/February 2016.
- Family Sustainability and Options for Improving the Odds, Institute for Private Investors (Advisor/Investor Roundtable), May 2015
- Private Trust Companies, 11th Annual International Estate Planning Institute (The New York State Bar Association and The Society of Trust and Estate Practitioners USA), March 2015
- Key Trust States’ Innovative Proposals Supporting Private Family Trust Companies and Family Trusts, Family Office Exchange, February 2015
- The Trustee Risk Crisis and Its Impact on Finding/Selecting the Best Trustees, Family Office Exchange 2014 Private Family Trust Company Symposium
- Structuring Your Family Office for Success: What Every Family Should Know Regarding Government Taxation and Regulation and the New Rules Moving Forward, Family Office & Private Wealth Management Forum (Newport, Rhode Island), July 2014
- Expanded Streamlined Offshore Voluntary Disclosure Procedures, WealthManagement.com, July 2014
- Distributions: Your Committee, Your Policy, and Your Practice, South Dakota Trust Company – 3rd Forum on Private/Public Trust Companies in South Dakota, May 2014
- “Responding to New Challenges for Today’s Trusts and Estates Attorneys,” Best Practices for Structuring Trusts and Estates – Leading Lawyers on Drafting a Flexible Plan, Protecting the Client’s Assets, and Leveraging Tax Strategies (Inside the Minds), 2014 Edition
- 2014 Fiscal Year Estate Tax Proposals, WealthManagement.com, April 2013
- Coordinating Risk Management, Trusts & Estates Magazine, December 2012
- Beyond 2012: The KISS Paradox, Campden FO, Autumn 2012
- The Family Bank, Trusts & Estates plus, October 2012
- SEC Provides Relief to Family Offices Under Dodd-Frank, Investments & Wealth Monitor, IMCA, September/October 2012
- 21st Century Trust Remodeling: Decanting Irrevocable Trusts, The District of Columbia Bar, May 2012
- Single Family Office Exemption, JP Morgan Private Bank Global Client Presentation, January 2012
- Single Family Offices – The New Exemption & What to Do Now, Family Office Exchange Fall Forum, November 2011
- Preparing for the New Era of Family Office Regulation - Non-Compliance is Not an Option, Family Office Exchange, September 2011
- SEC Rules on the Family Office … Another Unnecessary Necessity, Trusts & Estates Magazine, September 2011
- SEC Issues Proposed Rule on Family Office Exclusion, Trusts & Estates e-Newsletter, November 2010
- Private Placement Life Insurance - Not Your Father’s Oldsmobile, Journal of Wealth Management, Spring 2009
- The “Integration” in Integrated Wealth Management – How Does it Work in Practice, Journal of Wealth Management, Winter 2005
- Private Trust and Protector Companies – How Much Family Control?, Tax Management Memorandum, November 2002
- Mellon Bank, Fiduciary Expenses, and the 2% Floor, Estate, Gifts and Trust Journal, January 2001
- Determining True Value and Performance of Your Portfolio, Private Wealth Management Summit, June 2008
- Private Placement Life Insurance, New York City Estate Planning Counsel, Fall 2007
- Grantor Retained Annuity Trusts – The Basics, ABA Tax Committee Estate and Gift Program, October 2006
- Integrated Wealth Management, IPI-JWM Integrated Wealth Management Forum, Fall 2005
- Private Fiduciary Companies, Tax Management Advisory Board Meeting, September 2002