News & Insights
Probate in Connecticut
This Practical Law Guide addresses state laws and customs that impact the process of an estate proceeding, including the key statutes and rules related to estate proceedings, the different types of estate proceedings available in Connecticut, and the processes for opening an estate, appointing an estate fiduciary, administering the estate, handling creditor claims, and closing the estate.
Revocable Trusts in Connecticut
This Practical Law Guide addresses state laws and customs that impact revocable trusts, including the key statutes and rules related to revocable trusts, requirements for creating a valid revocable trust agreement, common revocable trust provisions, information concerning trustees, information on making changes to revocable trust agreements after execution, and Connecticut's treatment of certain special circumstances for gifts made under a revocable trust agreement and gift recipients.
Ancillary Estate Proceedings in Connecticut
This Practical Law Guide identifies key issues, laws, and procedures relating to ancillary estate proceedings, including why and when ancillary estate proceedings are necessary or permissible, where ancillary estate proceedings may be commenced, the procedure for filing and conducting an ancillary estate proceeding, who may be appointed as ancillary fiduciary, and the applicability of the Connecticut estate tax to ancillary estate proceedings.
Probate in Florida
This Practical Law Guide addresses Florida state laws and customs that impact the process of an estate proceeding, including the key statutes and rules related to estate proceedings, the different types of estate proceedings available in Florida, and the processes for opening an estate, appointment an estate fiduciary, administering the estate, handling creditor claims, and closing the estate.
Diversifying Charitable Remainder Trust Investments
Who cares? Donors, advisors, trust drafters, trustees, beneficiaries and state attorneys general
October 2017Trustees have a duty to diversify charitable remainder trust (CRT) investments.
Trusts & Estates Magazine
Cummings & Lockwood Recognized As One of the Leading Trusts and Estates Practices in Connecticut by Chambers & Partners
September 14, 2017Cummings & Lockwood is pleased to announce that for the second year in a row the Firm’s Private Clients Group has been ranked in Tier 1 by Chambers & Partners in the 2017 edition of Chambers High Net Worth Guide.
Estate Planning: How Cummings & Lockwood Can Help
A Private Clients Group Article
Clients frequently have many questions about estate planning. This article focuses on how Cummings & Lockwood can address those specific questions and deliver valuable benefits to clients.
How to Reduce Taxes with Grantor Retained Annuity Trusts
A Private Clients Group Article
Grantor Retained Annuity Trusts (GRATs) are an important estate planning tool used to reduce estate, gift and similar inheritance taxes by removing assets from an estate. In the right situation, they can allow donors to gift appreciated assets tax-free.
Estate Planning: The Basics
A Private Clients Group Article
While estate planning can be very complicated, its purpose is straightforward: It aims to provide for the management and transfer of your property, in the event of your incapacity or death, at the smallest financial and emotional cost to your family.
Is a Revocable Trust Right for You?
A Private Clients Group Article
The Revocable Trust (often referred to as a “Living Trust”) is a popular and effective estate planning technique. It can provide an excellent way to manage, protect and distribute your assets during your lifetime, in the event of incapacity, and after your death.
Choosing Fiduciaries to Handle Your Estate
A Private Clients Group Article
The appointment of a Fiduciary is crucial to the successful administration of a trust or an estate. Unfortunately, it is seldom given the attention it deserves.
How to Reduce Your Estate Taxes With Gifts
A Private Clients Group Article
One of the goals of an estate plan is to reduce taxes and maximize your legacy for your heirs. Lifetime gifting can be an effective tactic offering significant tax savings.