News & Insights
Sophisticated Legal Services for Individuals and Families, Family Offices, Privately-Held Businesses and Charitable Entities
This 21-page brochure provides a comprehensive overview of the legal services that Cummings & Lockwood provides to individuals and families, family offices, closely-held business and charitable entities.
Client Alert - The Tax Cuts and Jobs Act of 2017
December 2017/January 2018As you are aware, on December 22, 2017, the Federal government enacted The Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") changing, among other things, the estate, gift and generation-skipping transfer ("GST") tax regime once again.
Not Knowing the S Corp Rules Can Be Dangerous to Your Client's Wealth
December 2017Superman is the most powerful S corporation (S corp) in the world. He's so proud of his S status, he wears it on his chest. Until now, most people thought that only kryptonite could take away Superman's powers. Read on, and you'll learn the many ways he can lose his S corp status, actions his advisors can take to prevent its loss...
Trusts & Estates Magazine
Connecticut and Federal Tax Law Changes
November 2017This presentation addresses recent Connecticut state tax law changes, as well as those being proposed at the Federal level. (19:23)
Jonathan B. Mills Presented with the Albert Nelson Marquis Lifetime Achievement Award
November 28, 2017Cummings & Lockwood is pleased to announce that Jonathan B. Mills, the Firm’s Chairman and Managing Director, is the recipient of the Albert Nelson Marquis Lifetime Achievement Award presented by Marquis Who’s Who.
When and to Whom Does a Trust Pay Income Tax?
November 2017This presentation provides a comprehensive review of how trusts, including grantor trusts, are taxed and the states to avoid. (18:40)
Unhappy with the Terms of a Trust? Decanting the Problem Away
November 2017This presentation reviews how to draft trusts with flexibility and built-in asset protection features, as well as how to use decanting to “fix” problematic trusts to address changes in circumstances when old trusts are not flexible enough. (32:01)
Estate Planning with Portability and Higher Exemption Amounts
November 2017This presentation discusses why traditional estate plans are still relevant in the era of portability and increasing exemption amounts, as well as how to build flexibility into traditional structures to maximize federal and state estate tax exemptions and generation-skipping transfer tax vehicles. (13:36)
Don’t Kill the Estate Plan -Titling Brokerage Accounts (and Other Assets) in Coordination with Estate Planning Documents
November 2017This presentation addresses the common misconceptions about how bank and brokerage accounts and other assets should be titled for estate planning purposes. (17:37)
Intra-Family Loans: Efficient, Simple and Powerful Estate Planning Tools
November 2017This presentation discusses why families should be using intra family loans to minimize the impact of estate taxes, given the fact that interest rates are still near historic lows. (14:14)
Keeping Your Client's Name Out of the Press: Obscuring Title to Real Estate
November 2017This presentation reviews the various techniques that can be used to insure that a client’s desire for privacy is met when buying or selling a home. (13:48)
Planning for the Transfer of a Hedge Fund or Private Equity Interest
November 2017This presentation outlines the planning available for owners of hedge funds or private equity firms, including techniques such as GRATs and Installment Sales, Derivative Overlays, and the Vertical Slice Safe Harbor rules. (25:11)