News & Insights

Estate Planning Seminar

COMMUNITY INVOLVEMENT | August 18, 2016

Laura Dunathan, Esq. and Anne Marie Goodale, Esq., partners in the Estate and Trusts Department of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, conducted a seminar on Estate and Tax Planning with Trusts at The Rogers Memorial Library at 91 Coopers Farm Road...

Popular Estate Planning Tool May Now Be Subject to Tax

INSIGHTS | By: | May 20, 2015

For years estate planning practitioners used a sale to an intentionally defective grantor trust (“IDGT”) to freeze the value of property from the taxable estate of a client. Although not codified in the Internal Revenue Code or regulations as an acceptable estate...

2015 Cost-of-Living Adjustments for Retirement Plans

INSIGHTS | By: | October 23, 2014

The Internal Revenue Service announced the cost of living adjustments affecting dollar limitations for pension and retirement plans for tax year 2015. The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans, is increased from $17,500...

U.S. Supreme Court Strikes Down Defense of Marriage Act

NEWS | July 1, 2013

This past Wednesday, the Supreme Court of the United States struck down part of the Defense of Marriage Act (the “Act”). In a 5-4 decision, the Justices voted to hold Section 3 of the Act unconstitutional. Section 3 of the Defense of Marriage Act excluded...