24 ACTEC Notes 1 (1998-1999)

handle is hein.journals/acteclj24 and id is 1 raw text is: A~CyNOTE
THE AMERICAN COLLEGE OF TRUST AND ESTATE COUNSEL
3415 S. Sepulveda Boulevard, Suite 330 * Los Angeles, California 90034 * (310) 398-1888 * FAX: (310) 572-7280
W. Bjarne Johnson, Editor Robert M. Kunes, Assistant Editor / @ The American College of Trust and Estate Counsel 1998
Volume 24, No. 1, Summer 1998
Table of Contents
President's MessaPe.....................................
Calendar f Events            .....................................2
In Memori   ........             .................................
Fellows in the News .................................8
Editor's Page: Scylla, Chary bdis, Tax Wimps
pl gand Other Matters te l l.....................................9
GabeWashington Report ........................................................1
anse il Johnno,. Bnter and Rnald DjuAstt
Foundation News................................................. ......... 14
Presuents                                 Thomat h  Sweene
Highlights of the 1998 Annual Meeting ...f..... w........    16
m   sag                                        Crneu othe...........................................
O   ne of the heads-up questions that    RobrtM Kunes
came my way at the Annual Meeting         New Oficer, Regents, and State and Committee Chairs ............... 19
was whether the College had a forward-    ACTech Talk .......................................................... .... 24
planning committee. While the literal onad H. Keley
answer is no, not as such, that's just a  Spotlight on Attorneys' Fees.............................................. 26
quibble about terminology. The Col-         MartmnA. Hckscher
lege has four committees that are tack-   New Developments in Construction
ling forward-planning issues while        and Instruction Case Law ................................................. 28
masquerading under other names. The        Aricw len LIris
issues involve membership selection,      Planning, Operating and Defending FLP/FLLIC-Based
committee size, the future of the trust   Entities Spawn~ing Valuation Discounts ...................................35
and estate practice come the millenni-
um, and the selection of our national     Total Return'Trusts:
meigsts I' gon  todsus          Can Your Clients Afford Anything Less9 .............. ................. 45
meeting sites. I'm going to discuss         RoetB    oj
only the first two issues in this message
because I'm dealing with space limita-Two) Rules:
tosdbecause aig watyt spamtay    Highest Income Tax First Out (HITFO).................................. 8
tions and because I want you to stayTeitell
with me for a few minutes so you can
give me your thoughts.                     Visit ACTEC on the Web at www.actec.org and get a FREE password to the private
Membership selection issues are        Web site
Information about ACTEC meetings, publications and committees, discussion forums and links to
the focus of a task force headed by        trust and estate sites are available to ACTEC Fellows on the private site. See AcTech Talk on page
Henry Gissel. The subject is particular-   24 for details on the latest enhancements to the Web site; instructions for obtaining a password for
ly important because in 1997 and so far    the private site are found at the end of the article.
1998 Fall Meeting in Cleveland, Ohio
in 1998 the number of nominations for      A memo from Jim Gamble, hotel reservation forms and a special Cleveland enclosure are includ
new Fellows has declined. We can't         ed with this issue.
Errata sheet for An Introduction to Modern Financial Theory
pinpoint the reasons, but several have     The enclosed sheet will explain misprints appearing on pages 15, 18 and 21 of An Introduction to
(continued on page 7)      Mode     C Financial theoWaw Second Edition.
24      ACTEC Notes    1             (1998)

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