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Are You Prepared? The Importance of Planning Your Estate

Fall 2018 - Winter 2019

Are you prepared?  Have you given serious thought to your estate planning, final wishes, and your beneficiaries?

Beyond the Gates
By Angela Theresa Frizalone

Cryptocurrency - Estate and Charitable Planning and Compliance

Getting up to speed on virtual currencies for fiduciaries, heirs and charities
January 2019

Conrad Teitell, Heather J. Rhoades and Katherine A. McAllister, attorneys in the Private Clients Group, wrote an article for Trusts and Estate Magazine entitled "Cryptocurrency - Estate and Charitable Planning and Compliance" which was published in the January 2019 Issue.

Trusts & Estates Magazine

2018 Cummings & Lockwood Annual Update

December 31, 2018

As we complete our 110th year, our Partners are grateful to have assisted existing and new clients, serving a range of individuals, families, charitable entities and businesses.

December 2018 Client Update

December 2018

Cummings & Lockwood’s Private Clients Group advises on changes in the federal and state tax laws and general estate planning developments in 2018, including estate, gift and GST tax rates and exemptions

Ancillary Probate in Florida

December 4, 2018

The “Sunshine State” is well-known for attracting individuals, such as snowbirds, who often own Florida property without becoming residents of the state. However, if a non-resident of Florida dies leaving Florida property, administration of the decedent’s estate may be complicated by the need for an ancillary probate proceeding in Florida to dispose of the Florida property.

Practical Law Journal

Financial Crimes Enforcement Network Revises Geographic Targeting Orders; Lowering Dollar Threshold and Including Additional Geographic Locations

On November 15, 2018, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”) announced that it had revised its existing “Geographic Targeting Orders” (“GTOs”) to expand the included geographic areas, significantly lower the applicable dollar threshold, make said threshold consistent across all geographic areas, and include purchases made using virtual currency. 

2018 Federal and Connecticut Estate and Gift Tax Update

November 2018

Rachel Rhein Zarghami, a trusts and estates attorney in Cummings & Lockwood’s Private Clients Group in Stamford, Connecticut, discusses the changes to federal and Connecticut estate, gift and generation-skipping transfer tax laws in 2018, as well as changes to the laws of other states that have changed their estate tax exemptions. (6:30)

Investments in Opportunity Zones Allow Investors to Defer and Possibly Eliminate Capital Gains as Potential Alternative to 1031 Exchanges

On October 19, 2018, the U.S. Treasury Department released proposed regulations relating to the Opportunity Zones program, which is an investment tool established by the 2017 Tax Cuts and Jobs Act allowing investors in certain “Opportunity Zones” to defer and partially eliminate capital gains taxes on gains realized from selling real or personal property. 

Estate Planning for Individuals in Their Earlier Years

November 2018

David W. Thal, a trusts and estates attorney in Cummings & Lockwood’s Private Clients Group in Stamford, Connecticut, discusses how professional advisors can assist young clients in their estate planning.  (18:25)

2018 Professional Advisors Seminar

November 29, 2018

Cummings & Lockwood’s Private Clients Group in Stamford and Greenwich hosted its 2018 Professional Advisors Seminar on Thursday, November 29, 2018, at the Inn at Longshore in Westport, Connecticut.

Estate Planning for Individuals Interested in Making Small Gifts to Children or Grandchildren

November 2018

Jessie A. Gilbert, a trusts and estates attorney in Cummings & Lockwood’s Private Clients Group in Greenwich, Connecticut, explains simple ways to make smaller gifts that add up over time, as well as “freeze” techniques that allow clients to transfer assets to trusts, retaining the use of the assets but giving the appreciation on the assets to children and other family members. (17:03)

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)