News & Insights
Douglas H. Olin. Principal in Cummings & Lockwood’s Private Clients Group, Has Been Recognized by Chambers High Net Worth Guide as a Notable Practitioner in Private Wealth Law
July 19, 2022Congratulations to Douglas H. Olin for being recognized as a notable Private Wealth Law practitioner by Chambers & Partners in their 2022 Chambers High Net Worth Guide.
Cummings & Lockwood Garners the Top Spot in Private Wealth Law in Connecticut in the 2022 Chambers High Net Worth Guide for the 7th Consecutive Year
July 19, 2022Cummings & Lockwood is pleased to announce that for the seventh year in a row, the Firm’s Private Clients Group has been ranked in Tier 1 in Private Wealth Law in Connecticut by Chambers & Partners in their 2022 Chambers High Net Worth Guide.
Cummings & Lockwood Welcomes Two New Principals to Its Private Clients Practice
July 5, 2022Cummings & Lockwood is pleased to announce that Joanne Butler and Lori E. Romano, two former partners at Shipman & Goodwin LLP, have recently joined the Firm as Principals in the Private Clients Group.
Cummings & Lockwood Welcomes New Principal, Joanne Butler, to the Private Clients Group in the Stamford Office
July 5, 2022Cummings & Lockwood is pleased to announce that Joanne Butler, a former Partner at Shipman & Goodwin LLP, has recently joined the Firm as a Principal in the Private Clients Group based in the Stamford office.
Cummings & Lockwood Welcomes Lori E. Romano as a New Principal in the Private Clients Group of the Greenwich Office
July 5, 2022Cummings & Lockwood is pleased to announce that Lori E. Romano, a former Partner at Shipman & Goodwin LLP, has recently joined the Firm as a Principal in the Private Clients Group based in the Greenwich office.
Time Share Charitable Contribution Scheme: Promoter Penalized $8.4 Million
‘Tarpey v. United States’
June 24, 2022In his Estate Planning and Philanthropy column, Conrad Teitell offers a summary of ‘Tarpey v. United States,’ where a Montana-based attorney was held liable for engaging in a scheme of donating timeshare interests for large tax deductions.
To read a PDF of the article, please click below:
New York Law Journal
Crypto-proofing Your Estate Plan
June 22, 2022Although digital assets have been around for quite some time, we are seeing now, more than ever, a new wave of people who are choosing to invest in digital assets such as cryptocurrencies and NFTs (“crypto-assets”) over more traditional assets such as real estate and securities.
Daniel P. Fitzgerald elected Principal-in-Charge of the Greenwich office of Cummings & Lockwood LLC
June 1, 2022Cummings & Lockwood is pleased to announce that Daniel P. Fitzgerald has been elected Principal-in-Charge of the Greenwich office of Cummings & Lockwood LLC.
Cummings & Lockwood is pleased to announce that Kelley Galica Peck has been elected Principal-in-Charge of the West Hartford office
June 1, 2022Cummings & Lockwood is pleased to announce that Kelley Galica Peck has been elected Principal-in-Charge of the West Hartford office of Cummings & Lockwood LLC.
John F. Carberry elected Principal-in-Charge of the Stamford office of Cummings & Lockwood LLC
June 1, 2022Cummings & Lockwood is pleased to announce that John F. Carberry has been elected Principal-in-Charge of the Stamford office of Cummings & Lockwood LLC.
IRS Issues Proposed Regulations Clarifying Anti-Clawback Rules for Retained Interest Gifts
April 29, 2022In November of 2019, the IRS issued final regulations referred to as the “Anti-Clawback” regulations that made it clear that a taxpayer who took advantage of the higher gift tax exemptions (currently, $12,060,000) available under the 2017 Tax Cuts and Jobs Act would not owe additional estate tax upon death if the exemption is lower at the time of death. The regulation was needed since the estate tax calculation includes lifetime taxable gifts. Otherwise, a taxpayer who made a large gift now may not pay gift tax but the estate would pay estate tax upon the taxpayer’s death if the exemption was lower at that time.
Steven I. Frenkel Appointed New Chairman of Cummings & Lockwood’s Litigation Group
April 11, 2022Cummings & Lockwood is pleased to announce that Principal Steven I. Frenkel has been appointed the new Chairman of the Firm’s Litigation Group, effective April 11, 2022. He will replace John W. Cannavino who has served in that position for 18 years.