Cummings & Lockwood

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Estate Planning

A Private Clients Group White Paper

The goal of estate planning is to provide for the management and transfer of your property, in the event of your death or incapacity, at the smallest financial and emotional cost to your family. 

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The Importance of Domicile

A Private Clients Group White Paper

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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Grantor Retained Annuity Trusts

A Private Clients Group White Paper

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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Gifting

A Private Clients Group White Paper

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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Revocable Trusts

A Private Clients Group White Paper

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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