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4 Things You Should Know If You’re Planning a Move to Florida

A Private Clients Group Article

Whether it’s for the weather, financial benefits or other reasons, Florida is a popular destination, particularly in retirement.

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7 Reasons Why You Need An Estate Plan

A Private Clients Group Article

Proper estate planning can give you (and your family) peace of mind about your finances in the event of your incapacity or death.

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Choosing a Fiduciary: Professional Over Progeny

A Private Clients Group Article

When planning for the administration of an estate or trust, clients often are faced with the difficult but necessary choice of selecting a family member, a professional advisor, including a lawyer, or a financial institution to serve as an executor or trustee.

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Substantiating Charitable Deductions at The IRS

“Close” only counts in horseshoes, hand grenades and nuclear war
July 2017

Charitable deductions in the million of dollars are lost for failure to strictly comply with the Internal Revenue Code and the Internal Revenue Service's substantiation and appraisal rules.


Trusts & Estates Magazine

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Estate Planning Strategies for Every Aspect of Your Life

A Private Clients Group Article
Spring 2017

For over a century, Cummings & Lockwood has provided individuals and families with sophisticated strategies for all of their estate planning needs. 

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Help Clients Avoid 10 Common Estate Planning Mistakes

March 2017

Developing an understanding of your client’s circumstances, needs, concerns and wishes will enable your clients to make better personal, financial, and legal decisions.


Journal of Financial Planning

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Wills - Who Needs Them?

February 24, 2017

Sometimes, it's a benefit to be in the minority: Only 42 percent of U.S. adults have wills, according to a recent survey conducted by Princeton Survey Research Associates International.


The Norman Transcripts

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Tax Court Disallows Trusts Charitable Deduction For Want of Charitable Intent

November 7, 2016

Simply put, trusts are liable for income tax on the income they earn. They’re also eligible to receive deductions for certain distributions they make. 


Trusts & Estates Magazine Website

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A Review of Code Section 754 and Its Tax Consequences

November 2016

Subchapter K sometimes treats a partnership as a separate entity, which is distinct from its partners, and other times treats a partnership as an aggregate of individuals, each of whom owns an undivided interest in partnership assets.


Bloomberg BNA Tax Management Real Estate Journal

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U.S. Government Extends Reach as Creditor Beyond the Insolvent Estate

September 21, 2016

A widow with four minor children was faced with a predicament. When her husband died, he owed more than $340,000 in unpaid federal income tax liabilities. 


Trusts & Estates Magazine Website

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Gene Wilder's Real-Life Golden Ticket

September 12, 2016

Gene Wilder was a celebrated actor best known for his role as Willy Wonka. What Wilder is less recognized for, but which is maybe even more admirable, is his philanthropic efforts to raise awareness about ovarian cancer.


Trusts & Estates Magazine Website

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UBI Tax Not Applied to Receivables Left by Decedent

July 26, 2016

Originally, all business income of charities and other exempt organizations was free from taxation.  Today, the tax on UBI is imposed on the unrelated business taxable income of most exempt organizations.


Trusts & Estates Magazine Website

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