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<DIV>Mickey,</DIV>
<DIV> </DIV>
<DIV>Thank you for your email.</DIV>
<DIV> </DIV>
<DIV>I am looking forward to your leadership during the next 3 years.</DIV>
<DIV> </DIV>
<DIV>I am interested in serving as a member of the 706/709 Reporting Issues
working group.</DIV>
<DIV> </DIV>
<DIV>Best regards,</DIV>
<DIV> </DIV>
<DIV>Charlie</DIV>
<DIV> </DIV>
<DIV><FONT lang=0 size=2 face=Arial PTSIZE="10" FAMILY="SANSSERIF">Charles Ian
Nash, Esq.<BR>Nash & Kromash, LLP<BR>440 South Babcock Street<BR>Melbourne,
Florida 32901<BR>voice (321) 984-2440<BR>fax (321) 984-1040<BR>email:
cinashlaw@aol.com<BR><BR>Florida Bar Board Certified in Wills, Trusts and
Estates<BR>Fellow and Regent, American College of Trust and Estate
Counsel<BR><BR>Please visit our web site at <A
href="http://www.nmkestateplanning.com/">www.n-klaw.com</A><BR><BR><B>
<DIV> </DIV>
<DIV>
<DIV>In a message dated 3/14/2013 1:04:32 P.M. Eastern Daylight Time,
mickey@daviswillms.com writes:</DIV>
<BLOCKQUOTE
style="BORDER-LEFT: blue 2px solid; PADDING-LEFT: 5px; MARGIN-LEFT: 5px"><FONT
style="BACKGROUND-COLOR: transparent" color=#000000 size=2 face=Arial>
<DIV class=WordSection1>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Dear Committee
Members,<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">I am writing to you
as the new chair of the Estate and Gift Tax Committee and to ask for your help
in Committee matters. I apologize in advance for the length of this e-mail,
and appreciate your time in reviewing it. <o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">First, let me say
that I am honored to succeed Diana Zeydel as Chair. The Committee has
greatly benefitted from Diana's leadership over the last three years, and I
would like to express my thanks for all of her hard work. Second, there
is one matter that requires your immediate response, relating to input into
the IRS Priority Guidance Plan for next year. Finally, I would like to share
some thoughts about the organization of the Committee, and some ideas about
increasing the level of input by Members.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><U><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Recommendations for
Regulations/Guidance Projects</SPAN></U><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">.<U><o:p></o:p></U></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">At the meeting in
Maui, we were reminded that ACTEC’s Washington Affairs Committee is seeking
proposals for possible recommendations for the Treasury-IRS Priority Guidance
Plan for next year (which will likely be released in the fall). This
would include suggestions for regulations or other guidance from the Treasury
and/or IRS. One topic that I view as being of high importance is
guidance about the applicability of Rev. Proc. 2001-38 as it may relate to
QTIP elections made on estate tax returns filed to maximize the use of the
DSUE amount. We should aim to submit any recommendations that we have by
the end of March. The Washington Affairs Committee wants a brief
description of the recommended project, why it is important, its relative
urgency, and how the project might be helped by partnering with other
organizations. Please let me know any recommendations that you have as
soon as possible, but by Wednesday, March 27 at the latest. Please send
them to me at: </SPAN><A title=mailto:mickey@daviswillms.com
href="mailto:mickey@daviswillms.com"><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">mickey@daviswillms.com</SPAN></A><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><U><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Increased Committee
Involvement</SPAN></U><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">One of my
priorities as Chair is to increase the level of involvement by Committee
Members. The Estate and Gift Tax Committee is one of the College's
largest and it covers a broad range of topics. There is certainly value in
hearing in-depth reports on selected topics, and I believe that some Members
are content to come to meetings to hear remarks from a few frequent
contributors. It is my personal view, however, that being a member of a
committee involves a commitment to participate actively. One of the
greatest benefits of being a Fellow is the ability to listen to and learn from
the diverse views of practitioners from all over. I firmly believe that broad
participation by Committee Members is the best way for us all to learn from
each others' wisdom, experience, triumphs, and even
failures.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Fellows that prefer
to remain passive during Committee meetings can certainly do that from the
visitors' seats. If we are to occupy seats at the table as Members, however, I
believe that we should be willing to share our ideas, and take an active part
in the discussions. Let's face it: None of us became a Fellow by
being too shy to share our ideas with other
practitioners.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">The Substantive
Chairs Committee has had numerous discussions about the best way to increase
involvement by committee members, and has come to no real consensus. It
has been my experience, though, that committees that have active subcommittees
and workgroups tend to have a higher degree of involvement. To that end,
I propose to ask each of you to join (or lead!) a newly formed subcommittee or
workgroup of the Estate and Gift Tax Committee. I have set out below some
preliminary group headings, but I certainly invite each of you to let me know
if there are any other areas in which you have a special interest.
<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">It is my intention
to ask subcommittee members to give updates, recent development reports, and
make other substantive contributions at future meetings. While
participation in a subcommittee is not mandatory, I believe that it should be
a factor in considering which Members continue to serve on the Committee, and
which should be asked to make room for other Fellows who are more interested
in taking an active role in advancing discussions at Committee
meetings.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Some of you may be
thinking, "Uh on. This new guy is already a trouble maker," or "Why is he
stirring the pot?" I understand that change can be uncomfortable.
If you think that I am out of line, or have other ideas for increasing
involvement, I welcome you to share your thoughts, either publicly with the
Committee or privately with me. I view this change as a worthwhile experiment,
but I am happy to consider other views and alternatives. I am hopeful
that most of you will welcome a chance to get more from your Committee by
giving more to your Committee. <o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Below is a
preliminary list of possible subgroups, in no particular order. Some of
these obviously overlap, and I am certainly not married to this list. Please
let me know if one of these areas strikes your fancy, or if you have other
ideas. I would be especially appreciative of volunteers willing to act
as initial leaders of these (or other) groups. Co-leaders are not out of
the question. Please let me know your interest as either a member or a
leader as soon as possible.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpFirst><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Generation-Skipping
Transfer Taxes<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Chapter
14<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Marital Deduction
Issues <o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Debts and
Administration Expenses<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Special Use
Valuation/Alt. Val./Section 6166<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Portability<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">706/709 Reporting
Issues<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Gifts and
Disclaimers<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpMiddle><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">New
Legislation/Legislative Proposals<o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo1"
class=MsoListParagraphCxSpLast><SPAN
style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt"><SPAN
style="mso-list: Ignore">·<SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">IRS
Regulations/Guidance<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">I truly appreciate
your input, both on the Priority Guidance Plan and on efforts to increase
Committee involvement. I hope to have an initial framework for
subcommittees in place for the Summer Meeting. I look forward to seeing
you in Philadelphia.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Regards,<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Mickey<o:p></o:p></SPAN></P>
<P
class=MsoNormal><BR><BR>_______________________________________________<BR>EstGift
mailing
list<BR>EstGift@actec.org<BR>http://lists2.fsr.net/cgi-bin/listinfo/estgift<BR></FONT></P></DIV></BLOCKQUOTE></DIV></B></FONT></DIV></FONT></FONT></BODY></HTML>