News & Insights
34 Cummings & Lockwood Attorneys in Connecticut and Florida Named Among The Best Lawyers in America for 2020
August 14, 2019Cummings & Lockwood LLC is pleased to announce that 34 of its attorneys in Connecticut and Florida have been listed in The Best Lawyers in America® 2020. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence.
Eight Cummings & Lockwood’s Trusts & Estates Attorneys Named Florida Super Lawyers in 2019
August 12, 2019Cummings & Lockwood is pleased to announce that the following eight trusts and estates attorneys in the Firm’s Naples and Bonita Springs, Florida offices have been selected Florida Super Lawyers in 2019.
Connecticut Quietly Ends Estate Tax Strategy Previously Available to Non-Residents
July 31, 2019In the flurry of legislation passed in June at the end of the legislative session, Connecticut quietly closed a Connecticut estate tax loophole that was available to non-residents.
Cummings & Lockwood Garners the Top Spot in Private Wealth Law in the 2019 Chambers High Net Worth Guide
July 14, 2019Cummings & Lockwood is pleased to announce that for the fourth year in a row, the Firm has been ranked in Tier 1 in Private Wealth Law by Chambers & Partners in their 2019 Chambers High Net Worth Guide.
Greenwich Magazine - 203 Ways to Live the Good Life in Fairfield County
July 2019 IssueNo. 193 - Thank goodness you've drafted your Will, so now you don't have anything to worry about. Actually, maybe you do. Contrary to popular belief, your Will does not control what happens to everything you own upon your death.
Greenwich Magazine
Major Changes in CT Trust Law Offer Expanded Protections, Possible Windfall for State
July 5, 2019Sweeping changes to Connecticut’s trust laws are set to take effect on January 1, 2020, bringing the state into alignment with several others and potentially creating a windfall of millions of dollars for Connecticut’s coffers.
Fairfield Couny Business Journal - Daily Voice Plus Section
How Much Will the Mansion Tax in Connecticut Increase Fees on Sales?
July 3, 2019The law, which has existed for some time, has increased rates on the most expensive homes. Kathleen M. Merrigan, a Residential Real Estate Principal in the Greenwich office, was quoted in an article by V.L. Hendrickson published in Mansion Global on July 4, 2019.
Connecticut Adopts Omnibus Trust Code
June 26, 2019Kelley Galica Peck, a Principal in the West Hartford office, wrote an article for Steve Leimberg’s Estate Planning Newsletter entitled “Connecticut Adopts Omnibus Trust Code.”
U.S. Supreme Court Rules in Favor of Trust on Question of State Income Taxation
June 20, 2019On June 21, 2019, the United States Supreme Court, by a unanimous decision, held that the State of North Carolina could not impose a state level income tax on a trust based solely on the residence of the beneficiary of the trust.
Fractional Gifts of Art
Reducing Capital Gains Taxes with Charitable Remainder Trusts
Conrad Teitell, Laura Weintraub Beck and Sarah A. Ricciardi wrote an article for Trusts and Estate Magazine entitled "Fractional Gifts of Art" which was published in the June 2019 Issue.
Trusts & Estates Magazine
Connecticut Real Estate Sales in Excess of $2.5 Million Will Face Additional “Mansion Tax” under New Law
June 9, 2019The recently approved Connecticut 2020/2021 state budget includes an increase in the rate of tax charged on real estate sales in excess of $2.5 million, which is being referred to as the “mansion tax.” This new rate structure will be effective on July 1, 2020.
Connecticut Enacts Historic and Sweeping Trust Legislation
June 4, 2019The Connecticut legislature, on June 5, 2019, enacted HB 7104, an Act Concerning the Connecticut Uniform Trust Code. This massive bill, over 90 pages in length, adopts four major categories of revisions to trust law that will greatly enhance the administration of trusts and planning opportunities for clients in Connecticut.