News & Insights
Client Alert - Tax-Free Direct Charitable/IRA DistributionsNovember 2015
Will Congress extend expired law retroactively for 2015? If so, when? What should donors do?
Daniel G. Johnson, a Principal in Cummings & Lockwood's Private Clients Group, Elected to the Board of Directors of the Stamford Symphony Orchestra, in Stamford, ConnecticutNovember 2015
Charitable Remainder Trust PitfallsOctober 2015
Doing a charitable remainder trust (CRT) the right way enables your clients to make significant charitable gifts, provide life income for themselves (and others) and save taxes.
Trusts & Estates Magazine
Daniel G. Johnson Provides Estate and Gift Tax Reform TestimonySeptember 15, 2015
Daniel G. Johnson testified before the Connecticut State Tax Panel in Hartford concerning the migration of Connecticut residents in light of the current Connecticut estate and gift tax regime, as well as the recent increase in probate court fees.
Cummings & Lockwood Attorneys in Connecticut and Florida Named The Best Lawyers in America for 2016August 17, 2015
Corporate Counsel magazine has call Best Lawyers® "The most respected referral list of attorneys in practice."
Patching Up Mucked Up CRTs
Guidelines for doing it right; how defective trusts can be reformed to qualityAugust 2015
Why are some charitable remainder trusts (CRTs) mucked up?
Trusts & Estates Magazine
Cummings & Lockwood Attorneys Named 2015 Florida Super LawyersJuly 8, 2015
Cummings & Lockwood is pleased to announce that seven attorneys have been selected to the 2015 Florida Super Lawyers list. Each year, no more than five percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor.
Scott Witthuhn Joins Cummings & Lockwood's Commercial Practice in Stamford, ConnecticutJuly 6, 2015
Scott Witthuhn received his J.D. from Fordham University School of Law and his B.A. from Yale University.
Cummings & Lockwood Wins Significant Probate Law Ruling from Connecticut Supreme Court Concerning Calculation of Surviving Spouse's Statutory ShareJune 2015
Cummings & Lockwood successfully argued before the court that the statutory share, which is the portion of an estate that goes to a surviving spouse who was not included in the deceased spouse’s will, is to be based upon the value of the estate’s assets at the time of distribution as opposed to the value at the date of death.
In Case of First Impression, Cummings & Lockwood Client Wins $4.5 Million Trial Judgment in Complex Assignment of Debt ActionMay 2015
The case raised complex questions of whether or not the promissory note at issue was governed by Article 3 of the Uniform Commercial Code. The defendants argued that because the note was lost by the purchaser’s predecessor-in-interest, the purchaser could not recover pursuant to Article 3-309.
Cummings & Lockwood's Trial Group Wins Multi-Million Dollar Trial of Hedge Fund Partnership DisputeMarch 2015
C&L recently obtained trial damages of $5,783,028.00 in a derivative lawsuit brought by two investors on behalf of a hedge fund partnership. Over the course of two weeks, the case was tried to a judge sitting on the Complex Litigation Docket for the Superior Court for the State of Connecticut.
Grantor Retained Annuity Trusts
A Private Clients Group White Paper
Grantor Retained Annuity Trusts are one estate planning tool used to reduce inheritance taxes by removing assets from an estate. A Grantor Retained Annuity Trust, often referred to as a “GRAT”, operates as follows...