News & Insights
Conrad Teitell to Receive the Lifetime Achievement Award from the National Association of Estate Planners and Councils
November 17, 2016The National Association of Estate Planners & Councils (NAEPC) is a national organization of affiliated estate planning councils and professional estate planners focused on establishing and monitoring the highest professional and educational standards.
2016 Private Clients Group Annual Client Update
November 2016Although we cannot be certain what the new Trump Administration will seek to change in the federal tax laws, we do know that during the campaign season President-Elect Trump expressed these intentions with regard to federal estate, gift and income taxes.
Cummings & Lockwood Selected as "Best Law Firm" by U.S. News & World Report and Best Lawyers
November 8, 2016Cummings & Lockwood LLC is pleased to announce that the Firm and its six offices have been listed in the 2017 Edition of “Best Law Firms” by U.S. News & World Report and Best Lawyers.
Tax Court Disallows Trusts Charitable Deduction for Want of Charitable Intent
November 6, 2016Simply put, trusts are liable for income tax on the income they earn. They’re also eligible to receive deductions for certain distributions they make.
Trusts & Estates Magazine Website
11 Cummings & Lockwood Attorneys Named Among The 200 Outstanding Lawyers of Fairfield County
November/December 2016Each of the attorneys selected has achieved the highest ratings from at least two organizations with highly regarded selection criteria that serve the legal profession.
Stamford Magazine
A Review of Code Section 754 and Its Tax Consequences
November 2016Subchapter K sometimes treats a partnership as a separate entity, which is distinct from its partners, and other times treats a partnership as an aggregate of individuals, each of whom owns an undivided interest in partnership assets.
Bloomberg BNA Tax Management Real Estate Journal
Cummings & Lockwood Welcomes David A. Ludgin, Esq. to the Firm's Bonita Springs, Florida Office
October 25, 2016David Ludgin's practice focuses on estate planning and administration, charitable planning and closely-held business succession planning. Prior to joining Cummings & Lockwood, he practiced with the law firm of McCarter & English in New Jersey for over 35 years.
16 Cummings & Lockwood Attorneys Have Been Named 2016 Connecticut Super Lawyers and Rising Stars
October 24, 2016Cummings & Lockwood is pleased to announce that 12 attorneys have been selected to the 2016 Connecticut Super Lawyers list and four attorneys have been selected to the 2016 Rising Stars list.
Naples and Bonita Springs Offices Participate in Moe's Corporate Run
October 12, 2016The Moe’s Corporate Run is a 3 mile run/walk which was open to all employees and families of local corporations, businesses, government offices and institutions.The goal of the Corporate Run was to encourage people to be physically active. The Race benefited The Shelter for Abused Women.
U.S. Government Extends Reach as Creditor Beyond the Insolvent Estate
September 20, 2016A widow with four minor children was faced with a predicament. When her husband died, he owed more than $340,000 in unpaid federal income tax liabilities.
Trusts & Estates Magazine Website
Gene Wilder's Real-Life Golden Ticket
September 11, 2016Gene Wilder was a celebrated actor best known for his role as Willy Wonka. What Wilder is less recognized for, but which is maybe even more admirable, is his philanthropic efforts to raise awareness about ovarian cancer.
Trusts & Estates Magazine Website
Client Alert - IRS Proposes Dramatic Changes in Valuation Discounts For Family-Owned Businesses and Entities For Gift and Estate Purposes
August 31, 2016On August 2, 2016, the IRS proposed major changes to the Regulations under Section 2704 of the Internal Revenue Code affecting how interests in family-held businesses are to be valued when transferred among family members.