Cummings & Lockwood


Have You Ever Been Asked to Serve as Trustee of a Trust? What Does That Mean for You?

March 18, 2019

Have you ever been asked by a family member or friend to serve as Trustee of a trust for the benefit of their children or family members? 


Charitable Deduction Deconstruction

February 12, 2019

There will always be reasons to be charitable. But, if your client is looking to claim a deduction, be sure she follows the rules.

Trusts & Estates Magazine Website


Retirement Planning: It's a Good Time to Review your Estate Plan

January 10, 2019

Laura Weintraub Beck, Chairman of Cummings & Lockwood Private Clients Group was interviewed for an article by Julie Jason, "Retirement Planning: It's a Good Time to Review your Estate Plan" which was syndicated through King Features, a Unit of Hearst which ran January 10, 2019.


Are You Prepared? The Importance of Planning Your Estate

Fall 2018 - Winter 2019

Are you prepared?  Have you given serious thought to your estate planning, final wishes, and your beneficiaries?

Beyond the Gates
By Angela Theresa Frizalone


Cryptocurrency - Estate and Charitable Planning and Compliance

Getting up to speed on virtual currencies for fiduciaries, heirs and charities
January 2019

Conrad Teitell, Heather J. Rhoades and Katherine A. McAllister, attorneys in the Private Clients Group, wrote an article for Trusts and Estate Magazine entitled "Cryptocurrency - Estate and Charitable Planning and Compliance" which was published in the January 2019 Issue.

Trusts & Estates Magazine


Ancillary Probate in Florida

December 4, 2018

The “Sunshine State” is well-known for attracting individuals, such as snowbirds, who often own Florida property without becoming residents of the state. However, if a non-resident of Florida dies leaving Florida property, administration of the decedent’s estate may be complicated by the need for an ancillary probate proceeding in Florida to dispose of the Florida property.

Practical Law Journal


Disclaimer Danger

IRS Deems Disclaimer of Trust Interest Not Subject to Gift Tax
November 26, 2018

A disclaimer, in the most basic estate-planning sense, is a refusal to accept an interest in property.  But why would someone ever reject an interest in a trust or an inheritance?  There’s actually several reasons.

Trusts & Estates Magazine Website


Modification of a GST Trust Didn't Impact Its Exclusion Status

A recent PLR demonstrates the dangers that even judicial modifications can pose to a trust's tax status.
October 26, 2018

Chapter 13 of the Internal Revenue Code imposes a tax on generation-skipping transfers (that is, transfers to individuals more than one generation below the donor).

Trusts & Estates Magazine Website


Charitable Deduction for Gifts by Individuals, Partnerships and Corporations

A primer on a plethora of philanthropic provisions

Trusts & Estates Magazine


Increased Charitable Giving Through the Legacy IRA Act

September 11, 2018

Charitable-minded Americans age 70½ or older are allowed tax-free transfers from their IRAs to make direct gifts to charitable organizations.

Steve Leimberg's Charitable Planning Newsletter


Internal Revenue Manual Updates Provide Welcome Guidance for Federal Estate Tax Lien Release Process

September 5, 2018

Real property owned at the time of an individual’s death is subject to a federal estate tax lien, which, in accordance with IRC section 6324, attaches to the property automatically and provides security for any estate taxes that may be owed. 


Bargain Sales to Charities: Charitable Deductions and Capital Gains Savings

The donor allocates the property's cost basis between the gift element and the sale element, based on the fair market value of each part.
August 24, 2018

The donor allocates the property's cost basis between the gift element and the sale element, based on the fair market value of each part.

The New York Law Journal



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