9 Prob. Notes. 1 (1983-1984)

handle is hein.journals/acteclj9 and id is 1 raw text is: The American
College ofPr                          b         t
Probate Counsel
194West Pico Blvd. Ioe
Los Angeles, CA 90064
(213) 475-1200
John J. Lombard, Jr., Editor
Founded 1949           Prof. Regis W. Campfleld, Asst. Editor

Volume 9, No. 1 Spring 1983

It is natural that each new President, as he ad-
dresses himself to his year in office, will consider
new horizons he can set for himself and the College.
Yet staring him in the face is the charge, Just don't
mess up what others have done before you!
Our College is a great organization. It has reach-
ed a level of excellence that is hard to improve
upon. It finds its greatest strength in the ability,
involvement and attitude of its Fellows. As I see it,
the greatest responsibility of the President is to
make sure this strength is well used and directed.
To that end, I have decided that the following
areas deserve emphasis this year:
1. Committees - Our committees have become
increasingly active, and we want to structure and
support them in a way that enables them to be effi-
cient and productive. This means that each of them
should be of a size that is optimum for accomplish-
ing the job assigned (large enough to have a
breadth of experience, and yet small enough to
function efficiently); composed of members who
are able to make a commitment of the time re-
quired. I have made a complete review of the
committee structure, and the Board of Regents has
approved the changes I have suggested. Some
committees have been discharged, others have
been trimmed down, and changes in appointments
have been made throughout. The list of committees
and their members for this year are included in this

@American College of Probate Counsel 1983
President's Message.................1
Calendar of Events  ............... .....1
Editorial .................. ........2
ACPC Committees, Delegates, et al ........ 4
The Proposed Marital Property Act
In Spring 1983
by William  P. Cantwell ...............14
The Latest in Capital Freezes
Installment Sales, Private Annuities,
and Transfers Involving
Life Estates and Remainders
by Dave L. Cornfeld ................ 20
Corporate Recapitalizations
As Estate Freezing Devices
by L. William Schmidt, Jr ...........  .42
Valuation Considerations
in Estate Freezes
by James H. Zukin .................48
InMemoriam  .......................60
The Windfall Profit Tax
by William S. Lee ................. 61
Atlanta, Georgia - Westin Peachtree
(headquarters for RPP & TL)
Friday, July 29,1983
9 AM to adjournment - Executive Committee
Other committee meetings as called by Chairmen
7 PM Dinner for all Fellows and spouses
Saturday, July 30, 1983
Committee Meetings as called by Chairmen

(Continued on page 2)

(Continued on page 3)

9 Probate Notes 1 (1983)

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