Videos
Florida Back-End Spousal Lifetime Access Trusts
December 6, 2023In this video, Robert Lancaster, a Principal in Cummings & Lockwood’s Private Clients Group, discusses the benefits and risk on the new legislation in Florida, which permits the creation of a Spousal Lifetime Access Trust (“SLAT”) under which the donor spouse may be a beneficiary of the SLAT after the death of the donee spouse, referred to as a “Back-End SLAT.
Corporate Transparency Act
December 6, 2023In this video, Brendan Snowden, an attorney in the corporate and finance group, and Elizabeth Falkoff, an attorney in the private clients group, discuss recent regulations implementing the Corporate Transparency Act. The Act, which became law on January 1, 2021 as a part of the Anti-Money Laundering Act of 2020, requires most companies, including LLCs and corporations, to report information about the company and its controlling owners beginning January 1, 2024.
Secure Act and Its Impact on Estate Planning
December 6, 2023In this video, Rachel Zarghami, an attorney in Cummings & Lockwood’s Private Clients Group, discusses how the SECURE Act, effective as of January 1, 2020, and the SECURE Act 2.0, effective as of January 1, 2023, have dramatically changed the use of IRAs as an estate planning tool.
Estate Planning and Qualified Small Business Stock
December 6, 2023In this video, Douglas H. Olin, a Principal in Cummings & Lockwood’s Private Clients Group, highlights the tax savings possible by using Non-Grantor Trusts to qualify for additional exclusions under the Qualified Small Business Stock rules.
To Gift or Not Gift? Estate Planning in Anticipation of the Gift Tax Sunset
December 6, 2023In this video, Daniel G. Johnson, a Principal in Cummings & Lockwood’s Private Clients Group, covers the analysis clients and advisors should undertake in deciding whether clients should make a large gift prior to the gift tax sunset in 2026.
Estate and Gift Tax Law Update
December 1, 2022Margaret A. Deluca, a Principal in Cummings & Lockwood’s Private Clients Group, reviews the current federal, Connecticut and New York estate, gift and generation-skipping transfer tax laws as of December 2022. (10:09)
2022 Federal and State Tax Law Update
December 1, 2022Various legislative and administrative tax proposals have been introduced in 2022 that would dramatically change the estate, gift and income tax environment. In this presentation, entitled “2022 Federal and State Tax Law Update,” Rachel Rhein Zarghami, a Counsel in Cummings & Lockwood’s Private Clients Group, reviews those proposals and what it might mean for you. (12:12)
Domicile and Residence Planning
December 1, 2022The pandemic caused a lot of families to change their state of residence or remain in a state in which they did not previously reside. (14:47)
The Basis of Marriage: Florida Community Property Trusts
December 1, 2022The Florida Community Property Trust legislation that was enacted on July 1, 2021 that would allow married couples living in non-community property states to receive a full “stepped-up” income tax basis upon the death of either spouse. (21:11)
Questions to Consider When Using a Limited Liability Company (LLC)
December 1, 2022Brendan P. Snowden explores the reasons why an LLC might be useful and what to consider when structuring an LLC. (24:11)
Estate Planning: When Kids Become Adults
December 1, 2022Elizabeth A. Falkoff, an Associate in Cummings & Lockwood’s Private Clients Group, covers basic wills, living wills and powers of attorney that should be in place when a person turns 18 years old. (10:21)
Estate Planning with Cryptocurrency
December 1, 2022Daniel G. Johnson, a Principal in Cummings & Lockwood’s Private Clients Group, discusses the opportunities for clients who want to incorporate cryptocurrency, nonfungible tokens and other digital assets into their estate planning. (22:10)