Cummings & Lockwood

White Papers

Private Clients Group White Paper - The Importance of Domicile

Our society has become increasingly mobile and people frequently relocate from state to state, own vacation homes in a state different from that of their year-round residence or retire out of state. 

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Private Clients Group White Paper - Grantor Retained Annuity Trust

Grantor Retained Annuity Trusts are one estate planning tool used to reduce inheritance taxes by removing assets from an estate.  A Grantor Retained Annuity Trust, often referred to as a “GRAT”, operates as follows...

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Private Clients Group White Paper - Gifting

For those who are willing and able to take the further step of reducing their taxable estates by making lifetime gifts, far greater tax savings opportunities exist through a lifetime gifting program. 

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Private Clients Group White Paper - Revocable Trusts

A “trust” is a legal entity created to own, manage and eventually dispose of property.  A trust involves a legal relationship between three parties:  the “Grantor” (often also referred to as the “Settlor”), the “Trustee” and the “Beneficiary.” 

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