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Estate Planning for Individuals Who Are Ready to Make Large Gifts to Family Members

November 2018

Daniel G. Johnson, a trusts and estates attorney in Cummings & Lockwood’s Private Clients Group in Stamford, Connecticut, addresses various questions such as the following: Should clients be taking advantage of higher federal and state gift tax exemptions?  Should they be establishing dynasty trusts in jurisdictions such as Delaware, South Dakota, Alaska, etc.  How should such trusts be structured to keep the assets available to the family for generations?  (36:26)

Disclaimer Danger

IRS Deems Disclaimer of Trust Interest Not Subject to Gift Tax
November 26, 2018

A disclaimer, in the most basic estate-planning sense, is a refusal to accept an interest in property.  But why would someone ever reject an interest in a trust or an inheritance?  There’s actually several reasons.


Trusts & Estates Magazine Website

Estate Planning for Individuals Interested in Giving to Charity

November 2018

Stefania L. Bartlett and Cara Howe Santoro, trusts and estates attorneys in Cummings & Lockwood’s Private Clients Group in Stamford, Connecticut, discuss how, even with higher exemptions, many individuals are still motivated to give to charity to reduce taxes and to fulfill philanthropic goals.  (19:49)

Estate Planning for Individuals Whose Circumstances Have Changed as a Result of Divorce or Remarriage

November 2018

Susan Huffard, a trusts and estates attorney in Cummings & Lockwood’s Private Clients Group in Greenwich, Connecticut, discusses the many ways in which a divorce or remarriage can impact an individual’s estate planning needs.  (15:48)

Practical Steps to Take When Downsizing from a Home

November 2018

Kathleen M. Merrigan, a residential real estate attorney in Cummings & Lockwood’s Private Clients Group in Greenwich, Connecticut, discusses the tax and practical steps individuals should be taking before they downsize, including figuring out the cost basis in their home, preparing for sale, cleaning up open permits, and resolving the estate tax lien from a predeceased spouse.  (11:00)

Estate Planning for an Individual in Their Later Life

November 2018

Daniel P. Fitzgerald, a trusts and estates attorney in Cummings & Lockwood’s Private Clients Group in Greenwich, Connecticut, discusses how to navigate the sensitive issues surrounding the incapacity and last days of an individual’s life, including deathbed gifts, funding of revocable trusts, simplification of asset base and step up in basis planning.  (17:28)

Regulations Proposed by IRS Would Eliminate Lingering Concerns About Clawback

November 20, 2018

On November 20, 2018, the Internal Revenue Service issued proposed regulations to address one of the lingering concerns of using the increased gift tax exemption on gifts prior to 2026 - the so-called “clawback.”

Cummings & Lockwood Attorneys in Connecticut and Florida Named 2019 Best Lawyers in America

November 1, 2018

Cummings & Lockwood LLC is pleased to announce that 32 of its attorneys in Connecticut and Florida have been listed in The Best Lawyers in America® 2019. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence.

Modification of a GST Trust Didn't Impact Its Exclusion Status

A recent PLR demonstrates the dangers that even judicial modifications can pose to a trust's tax status.
October 26, 2018

Chapter 13 of the Internal Revenue Code imposes a tax on generation-skipping transfers (that is, transfers to individuals more than one generation below the donor).


Trusts & Estates Magazine Website

17 Cummings & Lockwood Attorneys Have Been Named 2018 New England Super Lawyers and Rising Stars

Cummings & Lockwood is pleased to announce that 12 attorneys have been selected to the 2018 New England Super Lawyers list and five attorneys have been selected to the 2018 Rising Stars list. 

2018 Estate and Tax Planning Seminar

Cummings & Lockwood’s Private Clients Group held its 2018 Connecticut Estate and Tax Planning Seminars at Wee Burn Country Club in Darien on October 23, the Field Club of Greenwich in Greenwich on October 25, The Inn at Longshore in Westport on October 30, Stamford Yacht Club in Stamford on November 7, and the Roger Sherman Inn in New Canaan on November 8.

Cummings & Lockwood’s Palm Beach Gardens Office Named “Trust & Estates Law Firm of the Year in Florida” by Global Law Experts

Cummings & Lockwood’s Palm Beach Gardens, Florida office has been selected as the 2018 “Trust & Estates Law Firm of the Year in Florida” by Global Law Experts.