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Cummings & Lockwood Welcomes New Principal, Joanne Butler, to the Private Clients Group in the Stamford Office

July 5, 2022

Cummings & Lockwood is pleased to announce that Joanne Butler, a former Partner at Shipman & Goodwin LLP, has recently joined the Firm as a Principal in the Private Clients Group based in the Stamford office.

Cummings & Lockwood Welcomes Two New Principals to Its Private Clients Practice

July 5, 2022

Cummings & Lockwood is pleased to announce that Joanne Butler and Lori E. Romano, two former partners at Shipman & Goodwin LLP, have recently joined the Firm as Principals in the Private Clients Group.

Cummings & Lockwood Welcomes Lori E. Romano as a New Principal in the Private Clients Group of the Greenwich Office

July 5, 2022

Cummings & Lockwood is pleased to announce that Lori E. Romano, a former Partner at Shipman & Goodwin LLP, has recently joined the Firm as a Principal in the Private Clients Group based in the Greenwich office. 

Time Share Charitable Contribution Scheme: Promoter Penalized $8.4 Million

‘Tarpey v. United States’
June 24, 2022

In his Estate Planning and Philanthropy column, Conrad Teitell offers a summary of ‘Tarpey v. United States,’ where a Montana-based attorney was held liable for engaging in a scheme of donating timeshare interests for large tax deductions.

To read a PDF of the article, please click below:


New York Law Journal

Crypto-proofing Your Estate Plan

June 22, 2022

Although digital assets have been around for quite some time, we are seeing now, more than ever, a new wave of people who are choosing to invest in digital assets such as cryptocurrencies and NFTs (“crypto-assets”) over more traditional assets such as real estate and securities. 

Daniel P. Fitzgerald elected Principal-in-Charge of the Greenwich office of Cummings & Lockwood LLC

June 1, 2022

Cummings & Lockwood is pleased to announce that Daniel P. Fitzgerald has been elected Principal-in-Charge of the Greenwich office of Cummings & Lockwood LLC. 

Cummings & Lockwood is pleased to announce that Kelley Galica Peck has been elected Principal-in-Charge of the West Hartford office 

June 1, 2022

Cummings & Lockwood is pleased to announce that Kelley Galica Peck has been elected Principal-in-Charge of the West Hartford office of Cummings & Lockwood LLC.

John F. Carberry elected Principal-in-Charge of the Stamford office of Cummings & Lockwood LLC

June 1, 2022

Cummings & Lockwood is pleased to announce that John F. Carberry has been elected Principal-in-Charge of the Stamford office of Cummings & Lockwood LLC.

IRS Issues Proposed Regulations Clarifying Anti-Clawback Rules for Retained Interest Gifts

April 29, 2022

In November of 2019, the IRS issued final regulations referred to as the “Anti-Clawback” regulations that made it clear that a taxpayer who took advantage of the higher gift tax exemptions (currently, $12,060,000) available under the 2017 Tax Cuts and Jobs Act would not owe additional estate tax upon death if the exemption is lower at the time of death.  The regulation was needed since the estate tax calculation includes lifetime taxable gifts.  Otherwise, a taxpayer who made a large gift now may not pay gift tax but the estate would pay estate tax upon the taxpayer’s death if the exemption was lower at that time.

Steven I. Frenkel Appointed New Chairman of Cummings & Lockwood’s Litigation Group

April 11, 2022

Cummings & Lockwood is pleased to announce that Principal Steven I. Frenkel has been appointed the new Chairman of the Firm’s Litigation Group, effective April 11, 2022.  He will replace John W. Cannavino who has served in that position for 18 years.

The Biden Administration's Revenue Proposals Again Include Changes to the Estate and Gift Tax System

March 30, 2022

On March 28, 2022, the Biden Administration released its “General Explanation of the Administration’s Fiscal Year 2023 Revenue Proposals.”  The document again supports several drastic changes to the estate and gift tax system in addition to changes to the income tax system.

Laura Weintraub Beck, recognized as a “Distinguished Leader” by Connecticut Law Tribune as part of its 2022 Connecticut Legal Awards

March 22, 2022

Congratulations to Laura Weintraub Beck, the new Chairman and Managing Director of Cummings & Lockwood LLC and Principal in the firm’s Private Clients Group, who was recognized as a “Distinguished Leader” by Connecticut Law Tribune as part of its 2022 Connecticut Legal Awards