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Post on Sep. 10, 2019
Estate planners and accountants often use the phrase “Grantor Trust.” The term Grantor Trust is a term of art used to describe the tax treatment of certain trusts under the income tax code. A Grantor Trust is......
Post on Aug. 01, 2019
In the flurry of legislation passed in June at the end of the legislative session, Connecticut quietly closed a Connecticut estate tax loophole that was available to......
Post on Jul. 06, 2019
Kelley Galica Peck, a Partner in Cummings & Lockwood's Private Clients Group and based in the West Hartford office, was interviewed by Kevin Zimmerman for the Daily Voice Plus Section of the Fairfield County......
Post on Jul. 01, 2019
Daniel Fitzgerald, a Partner in Cummings & Lockwood's Private Clients Group and based in the Firm's Greenwich office, was quoted in Greenwich Magazine's July 2019 Issue "203 Way to Live the Good Life in Fairfield......
Post on Jun. 27, 2019
Kelley Galica Peck wrote an article for Steve Leimberg’s Estate Planning Newsletter entitled “Connecticut Adopts Trust......
Post on Jun. 21, 2019
On June 21, 2019, the United States Supreme Court, by a unanimous decision, held that the State of North Carolina could not impose a state level income tax on a trust based solely on the residence of the beneficiary of......
Post on May 23, 2019
On May 7, 2019, the IRS issued proposed regulations for new code section 1446(f), which requires withholding of income tax when a foreign person recognizes gain or loss from the sale or exchange of certain partnership......
Post on May 21, 2019
Congratulations! Your child has graduated high school, been accepted to college and has either turned 18 years old or is close to it. As you make your college prep to do list, you might want to add calling your trusts......
Post on Apr. 17, 2019
On April 17, 2019, the IRS and U.S. Treasury Department issued proposed regulations (Proposed Treas. Reg. Sec. 1400Z-2), that provide new guidance for qualified "Opportunity Funds" investing in "Opportunity......
Post on Apr. 11, 2019
As part of the 2019/2020 New York State Budget Bill that was passed, New York included a progressive mansion tax with a top tax rate of 3.90% on properties purchased for $25 million or above. This update to the already......
