60-second interview with Amy Staehr

Amy Staehr, 17/6/2019

Amy M Staehr TEP is a partner at Long Reimer Winegar in Jackson, Wyoming, USA.

What does your firm do?

Long Reimer Winegar is a US-based boutique law firm that represents high-net-worth national and international clients for estate planning, tax, asset preservation, corporate and commercial transactions, and business planning.

What has STEP done for you, individually, or as a business?

STEP has allowed me to stay current on national and international wealth succession, asset preservation, offshore voluntary disclosure programmes, and tax-related issues; all of which are relevant to my practice and advising clients.

What is the most important thing STEP does, in your opinion?

STEP provides its members and the public with a global network of trusted industry practitioners and resources, which is invaluable.

You will be speaking at the STEP Europe Conference next week. What will you be speaking on?

I’ll be speaking on recent legislative developments in Wyoming that are relevant to US and non-US clients, as well as trust and estate practitioners. The focus of my discussion will be on Wyoming statutory foundation (ie private foundation), blockchain, anti-forced heirship, chancery court, and private trust company legislation.

Why is this topic important for practitioners in 2019?

These legislative developments are important for US and non-US clients, and practitioners who are interested in the benefits Wyoming has to offer as a trust and asset situs jurisdiction. They are also relevant to practitioners in both civil and common law jurisdictions.

What do you feel are the main issues for the European region in 2019?

Brexit; and transparency and reporting requirements under the Common Reporting Standard.

What do you most like about your job?

Implementing effective legacy, succession, and wealth planning structures for my clients around the world.

What would you say to a young person thinking of a career in this industry?

This is a growing industry, well suited to problem-solvers and strategic thinkers.

Which sectors are likely to see the strongest future growth, do you think?

There are many. I would include blockchain technology; situs planning; wealth management and the use of private trust companies; as well as tax planning.

What about jurisdictions?

I would say Wyoming and the US in general.

What do you feel are the main challenges facing practitioners at the moment, and how will you deal with them?

Advising increasingly mobile clients with diverse portfolios. One firm cannot do it all, so we rely heavily on trust and estate practitioners around the world.

Amy M Staehr TEP is a partner at Long Reimer Winegar, in Wyoming, USA. She is a former Chair of the STEP Wyoming Chapter.