Cummings & Lockwood LLC
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Estate Planning for Corporate Executives

Cummings & Lockwood’s private clients attorneys understand that corporate executives have complex estate planning needs which change and evolve over the course of their careers and into retirement and which require in-depth review and analysis and sophisticated solutions.  

Like many clients, corporate executives often structure their financial planning to allow for the maximum lifetime use of their assets, while at the same time developing an estate plan that maximizes and protects the value and ultimate distribution of those assets to their spouse, children and other chosen beneficiaries.  

Unlike other clients, corporate executives often encounter challenges that are unique to them because their assets are more likely, in large part, to consist of concentrated in stock, stock options and restricted stock.  This lack of liquidity and concentration of investments in employer’s stock (particularly if the employer is a closely-held corporation) often gives rise to special estate planning and estate administration issues for executives as well as for their beneficiaries and fiduciaries.

Other issues that need to be addressed in planning for a corporate executive’s estate typically include substantial interests in qualified retirement plans, corporate life insurance plans, and split-dollar arrangements.  In closely held companies, succession planning, key man insurance and buy-sell agreements may need to be structured to provide a ready market for the executive’s shares upon his or her death and to ensure long term viability of the business.

Whether working with a corporate executive at the beginning, midpoint or pinnacle of his or her career, or one who is preparing for retirement or becoming more actively involved in charitable endeavors, Cummings & Lockwood’s trusts and estates attorneys have the knowledge and experience to help design an appropriate estate plan.

Cummings & Lockwood - The Choice for sophisticated legal counsel.

Name Title Practice Group Office Phone Email vCard
Chairman and Managing Director Private Clients Group, Family Office and Closely Held Business Group Greenwich, CT 203.863.6590
Principal Private Clients Group, Family Office and Closely Held Business Group West Hartford, CT 860.313.4930
Principal Private Clients Group, Family Office and Closely Held Business Group West Hartford, CT 860.313.4936
Principal Private Clients Group Bonita Springs, FL 239.390.8062
Principal Private Clients Group Stamford, CT 203.351.4298
Principal Private Clients Group, Corporate & Finance Group, Family Office and Closely Held Business Group West Hartford, CT 860.313.4946
Principal Private Clients Group, Family Office and Closely Held Business Group Greenwich, CT 203.863.6511
Principal Private Clients Group Greenwich, CT 203.863.6503
Principal Private Clients Group Stamford, CT 203.351.4317
Principal Private Clients Group, Family Office and Closely Held Business Group, Fiduciary and Probate Litigation Group Naples, FL 239.649.3178
Counsel Private Clients Group, Family Office and Closely Held Business Group Bonita Springs, FL 239.390.8060
Principal Private Clients Group, Family Office and Closely Held Business Group Greenwich, CT 203.863.6504
Principal Private Clients Group, Family Office and Closely Held Business Group, Fiduciary and Probate Litigation Group West Hartford, CT 860.313.4919
Heather J. Rhoades
Heather J. Rhoades
Heather J. Rhoades

Chairman of Private Clients Group

hrhoades@cl-law.com

T860.313.4933

F860.313.4968

Chairman of Private Clients Group Private Clients Group West Hartford, CT 860.313.4933
Principal Private Clients Group, Family Office and Closely Held Business Group Stamford, CT 203.351.4308
Principal Private Clients Group Stamford, CT 203.351.4692