News & Insights
Cummings & Lockwood Announces the Promotion of David M. Halpen to Principal-in-Charge of the Palm Beach Garden's Office
February 28, 2018Cummings & Lockwood is pleased to announce that David M. Halpen, a Principal in the Firm’s Private Clients Group, has been promoted to Principal-in-Charge of the Firm’s Palm Beach Gardens office.
Federal and Connecticut Estate Tax Audits - Prevention, Treatment and Cure
February 28, 2018Paul L. Bourdeau, a Principal in the Private Clients Group of the West Hartford Office was a presenter at a seminar for The Estate and Business Planning Council of Hartford entitled "Federal and Connecticut Estate Tax Audits - Prevention, Treatment and Cure".
Client Alert - Newman's Own Exception Makes It Easier For Private Foundations to Hold Business Interests
February 8, 2018IRS Section 4943(g) was added to the Internal Revenue Code on February 9, 2018. Informally known as “Newman’s Own”, section 4943(g) provides an exception to the private foundation excess business holding rules that will allow certain private foundations to own 100% of a privately held company indefinitely, so long as certain requirements are met.
Charitable Contributions From Trusts are Treated Differently
February 5, 2018Like individuals and corporations, trusts and estates that make contributions of property to charitable organizations may be eligible to receive a corresponding income tax deduction for such contributions.
Trusts & Estates Magazine Website
John F. Carberry Selected a James W. Cooper Fellow of the Connecticut Bar Foundation to serve the Bench, Bar and Citizens of Connecticut
January 31, 2018Cummings & Lockwood is pleased to announce that John F. Carberry, a Principal in the Firm’s Litigation Group, was recently selected a James W. Cooper Fellow of the Connecticut Bar Foundation.
Sophisticated Legal Services for Individuals and Families, Family Offices, Privately-Held Businesses and Charitable Entities
This 21-page brochure provides a comprehensive overview of the legal services that Cummings & Lockwood provides to individuals and families, family offices, closely-held business and charitable entities.
Client Alert - The Tax Cuts and Jobs Act of 2017
December 2017/January 2018As you are aware, on December 22, 2017, the Federal government enacted The Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") changing, among other things, the estate, gift and generation-skipping transfer ("GST") tax regime once again.
Not Knowing the S Corp Rules Can Be Dangerous to Your Client's Wealth
December 2017Superman is the most powerful S corporation (S corp) in the world. He's so proud of his S status, he wears it on his chest. Until now, most people thought that only kryptonite could take away Superman's powers. Read on, and you'll learn the many ways he can lose his S corp status, actions his advisors can take to prevent its loss...
Trusts & Estates Magazine
Connecticut and Federal Tax Law Changes
November 2017This presentation addresses recent Connecticut state tax law changes, as well as those being proposed at the Federal level. (19:23)
Jonathan B. Mills Presented with the Albert Nelson Marquis Lifetime Achievement Award
November 28, 2017Cummings & Lockwood is pleased to announce that Jonathan B. Mills, the Firm’s Chairman and Managing Director, is the recipient of the Albert Nelson Marquis Lifetime Achievement Award presented by Marquis Who’s Who.
When and to Whom Does a Trust Pay Income Tax?
November 2017This presentation provides a comprehensive review of how trusts, including grantor trusts, are taxed and the states to avoid. (18:40)
Unhappy with the Terms of a Trust? Decanting the Problem Away
November 2017This presentation reviews how to draft trusts with flexibility and built-in asset protection features, as well as how to use decanting to “fix” problematic trusts to address changes in circumstances when old trusts are not flexible enough. (32:01)