News & Insights
A Private Clients Group White Paper
Many people are attracted to life insurance by the promise of security a life insurance policy can provide. Advertisements for life insurance policies frequently point out that life insurance proceeds can help the survivors of the insured accomplish a number of objectives, including paying off a mortgage, providing the funds required for the complete education of children and providing family members with an additional source of income.
From Her Career to Her Philanthropic Endeavors, Laura Beck is Breaking Down WallsMay 2019 Issue
Rather than avoid an uncomfortable subject, Laura Weintraub Beck, Chairman of the Private Clients Group at the Cummings & Lockwood law firm, uses her legal expertise to help clients navigate the complexities of life and death in a financially savvy and meaningful way.
Conrad Teitell, a Principal in the Stamford office of Cummings & Lockwood spoke at the 38th Annual Attorney/Trust Officer Liaison Conference which was held Thursday, August 22 - Saturday, August 24, 2019 at The Breakers in Palm Beach, Florida.
The IRS Clarifies that Private Equity, Hedge Funds and Other Partnerships are Subject to Withholding Requirements When Foreign Persons are InvolvedMay 23, 2019
On May 7, 2019, the IRS issued proposed regulations for new code section 1446(f), which requires withholding of income tax when a foreign person recognizes gain or loss from the sale or exchange of certain partnership interests, as described in IRC 864(c)(8).
Add Calling Your Trusts and Estates Attorney to Your To Do List Before Your High School Grad Heads Off to College the FallMay 21, 2019
Congratulations! Your child has graduated high school, been accepted to college and has either turned 18 years old or is close to it. As you make your college prep to do list, you might want to add calling your trusts and estate attorney to the list.
On May 4, 2019, the Child Guidance Center (CGC) of Southern Connecticut presented Laura Weintraub Beck the inaugural Edna and Malcolm Edgerton Award at their annual gala which was held at the Wee Burn Beach Club.
Mary Beth Crawford, a Partner in the Bonita Springs office of Cummings & Lockwood spoke at a luncheon on "Effective Charitable Giving Strategies for Seniors" which was held on May 1, 2019 at 12:00 p.m. at The Terraces at Bonita Springs in the Wagon Wheel Room. Learn the best ways to support your favorite charities.
Heather J. Rhoades and Kelley Galica Peck Selected as 2019 “Lawyer of the Year” Honorees by Best LawyersApril 30, 2019
Cummings & Lockwood LLC is pleased to announce that Heather J. Rhoades (Trusts and Estates) and Kelley Galica Peck (Trusts and Estates Litigation), Principals in the Firm’s Private Clients Group in West Hartford, Connecticut, have been selected as “Lawyer of the Year” Honorees by Best Lawyers.
Girl With a Balloon by British street artist Banksy was shredded in its frame seconds after the winning telephone bid of $1.4 million at a Sotheby’s London auction on Oct. 6, 2018. The prank—believed to be arranged by the artist himself — was accomplished by a remote-control device at the back of the frame.
Trusts & Estates Magazine
On April 17, 2019, the IRS and U.S. Treasury Department issued proposed regulations (Proposed Treas. Reg. Sec. 1400Z-2), that provide new guidance for qualified "Opportunity Funds" investing in "Opportunity Zones."
Cummings & Lockwood LLC attorneys convinced the Connecticut Supreme Court to dismiss Probate Court proceedings restricting our client’s use of funds that had been awarded to her by the September 11th Victim’s Compensation fund for the support of her minor child upon the death of her husband in the attacks on the World Trade Center in 2001.
As part of the 2019/2020 New York State Budget Bill that was passed, New York included a progressive mansion tax with a top tax rate of 3.90% on properties purchased for $25 million or above.