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IRS Denies IRC Section 1035 Tax Deferral in Annuity Exchange

June 29, 2016

A taxpayer inherited an interest in an annuity from his late father. The taxpayer wished to exchange his interest in the inherited annuity for an annuity sold by a different insurance company. 


Trusts & Estates Magazine Website

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The Fiduciary vs. Sovereign Immunity

June 14, 2016

Estates are generally viewed as a legal continuation of a deceased individual: when an individual passes away, any claims that arose before or on an individual’s death may be pursued by or against the estate of that individual. 


Trusts & Estates Magazine Website

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Asset Protection or Abusive Tax Planning?

May 17, 2016

Former billionaires punished for using offshore trusts as "piggy banks" to defraud the IRS. “Never let a creditor get to your asset, no matter how bad your mistake.” 


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IRS "Rolls Over" Where Beneficiary Designation Overlooked

May 12, 2016

Without professional assistance, it’s easy for an individual to forego updating an essential element of their estate plan: beneficiary designations.


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The Legacy IRA: The Charitable IRA Rollover Part II

May 9, 2016

Retirees searching for income who also want to give to charity are drawn to charitable remainder trusts and charitable gift annuities. You get lifetime payouts, and the charity gets its share when you die. 


Forbes Magazine Website

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New Federal Bill Authorizes Charitable Life-Income IRA Rollovers

May 6, 2016

A life-income charitable individual retirement account rollover bill (HR5171) (The Legacy IRA Act) has just been introduced this morning by House Ways and Means Committee members. 


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IRS Rules on Tax Consequences Associated with Early Termination of a Generation-Skipping Taxable Marital Trust

April 25, 2016

A surviving spouse was the beneficiary of two marital trusts established under her late husband’s revocable trust agreement.


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Improper Payments by Private Foundations

As Donald Trump learned the hard way, the consequences can be costly
March 29, 2016

A private foundation, it’s been said, is a large body of money surrounded by those who want some. But, to whom may a private foundation make contributions?


Trusts & Estates Magazine Website

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Legal Underpinnings for Formulating (And Defending) Estate Plans

December 21, 2015

Finding your way through the tax law maze of authorities.  A U.S. Supreme Court Justice’s comment on an important criminal law rule is instructive.


Trusts & Estates Magazine

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Defining Real Success

January-March 2016

How do you define success? For many companies, success is determined solely by monetary return, but for some progressive organizations, helping others is a critical factor when gauging the organization’s success.


Beyond The Gates Magazine

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Hedge Fund Managers Must Exercise Restraint in Deploying Indemnification Provisions

November 19, 2015

Indemnification provisions are the forbidden fruit in every hedge fund partnership agreement.


The Hedge Fund Law Report, Volume 8, Number 45

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Charitable Remainder Trust Pitfalls

October 2015

Doing a charitable remainder trust (CRT) the right way enables your clients to make significant charitable gifts, provide life income for themselves (and others) and save taxes. 


Trusts & Estates Magazine

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