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CLIENT ALERT: Treasury Delays April 15th Tax Payment Deadline by 90 Days in Response to the Outbreak of Covid-19

March 17, 2020

On March 17, 2020, Treasury Secretary, Steven Mnuchin announced that the Treasury Department would push back the due date for tax payments due April 15 for individuals and businesses for 90 days.

CLIENT ALERT: Effective Immediately DRS Extends Filing Deadline for Certain Annual State Business Tax Returns

March 16, 2020

The Connecticut Department of Revenue Services (DRS) is using their statutory authority to grant an automatic extension of Connecticut filing deadlines for certain annual tax returns in order to support businesses during the COVID-19 outbreak effectively immediately.

CLIENT ALERT - Coronavirus Update

March 16, 2020

We are continuing to monitor ongoing Coronavirus developments.  Our highest priority is the health and safety of our employees, clients and the communities in which we live and work.

CLIENT ALERT - Coronavirus (COVID-19)

March 12, 2020

The spread of the coronavirus (COVID-19) is impacting an increasing number of individuals, families, businesses and financial markets, as well as our professional and personal lives.

We know that many of you, directly or indirectly, may be affected, and we share your concerns about public health and safety, business continuity, and market turbulence.

Domicile Planning and Moving to Florida

February 25, 2020

In this video, Robert L. Lancaster, a Principal in Cummings & Lockwood’s Private Clients Group, discusses the importance of domicile, the difference between domicile and residence, the tax and non-tax consequences of a change of domicile, and the various ways in which one can establish a new domicile. (2:39)

Charitable Planning

February 21, 2020

In this video, Heather J. Rhoades, a Principal in Cummings & Lockwood’s Private Clients Group, discusses how charitable giving can be incorporated into an estate plan, as well as describes the more common charitable structures or techniques, such as Charitable Lead Trusts, Charitable Remainder Unitrusts and Private Foundations.  (2:01)

Probate & Estate Administration

February 18, 2020

In this video, Mary Beth Crawford, a Principal in Cummings & Lockwood’s Private Clients Group, discusses who is responsible for settling an estate, what happens if there is no Will and how long it typically takes to settle an estate, as well as outlines the seven principal duties of an Executor.  (2:40)

Choice of Fiduciaries

February 14, 2020

In this video, Daniel G. Johnson, a Principal in Cummings & Lockwood’s Private Clients Group, discusses what a fiduciary is, the roles and responsibilities of a fiduciary, and the selection of fiduciaries, which might include a family member, non-family member, a trust company or bank with a trust department, or a trusts and estates attorney or accountant who regularly serves as Executor or Trustee.  (2:23) 

Connecticut Directed Trusts

February 11, 2020

In this video, Daniel P, Fitzgerald, a Principal in Cummings & Lockwood’s Private Clients Group, discusses the estate planning opportunities presented by the Connecticut Directed Trust Act.  (2:38)

Connecticut Asset Protection Trusts

February 7, 2020

In this video, Kelley Galica Peck, a Principal in Cummings & Lockwood’s Private Clients Group, discusses new asset protection planning in Connecticut through Asset Protection Trusts.  (2:42)

Which High-End Neighborhoods in the New York Tri-State Area Have the Lowest Property Taxes?

January 9, 2020

Kathleen M. Merrigan, a Residential Real Estate Principal in Cummings & Lockwood's Greenwich office, was quoted in an article by V. L. Hendrickson published in Mansion Global on January 9, 2010 entitled “Which High-End Neighborhoods in the New York Tri-State Area Have the Lowest Property Taxes?”

Relocating to Connecticut

A Private Clients Group White Paper
January 1, 2020

Cummings & Lockwood has prepared this memorandum to provide basic information about relocating to Connecticut.  Drawing on our experience in advising newly relocated clients, we have summarized certain local procedures and laws which may be helpful to you in preparing to live in Connecticut.