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<p class="MsoNormal"><span style="font-size:14.0pt">Dear Committee Members,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">The Annual Meeting is only 3.5 weeks away and I’m looking for some
<b>volunteers </b>for the estate and gift tax committee meeting.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
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<li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level1 lfo1"><span style="font-size:14.0pt">We need a
<b>secretary</b> to take minutes at the committee meeting on Thursday March 7 from 1:00 pm to 3:30 pm. If you are able to take on this responsibility, please send me an email.<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level1 lfo1"><span style="font-size:14.0pt">Our agenda includes an extensive discussion of CCA 202352018, the recent Chief Counsel Advice taking the position that the addition of a grantor trust
tax reimbursement clause to an existing grantor trust constitutes a gift from the trust beneficiaries to the grantor. I would like to enlist
<b>several discussion leaders</b>. I envision dividing up the discussion as follows:<o:p></o:p></span></li><ol style="margin-top:0in" start="1" type="a">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level2 lfo1"><span style="font-size:14.0pt">Review the substance of the CCA (I will do this)<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level2 lfo1"><span style="font-size:14.0pt">Explain the significance of a CCA (I will do this)<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level2 lfo1"><span style="font-size:14.0pt">How can CCA 202352018 be reconciled with Rev Rul 2004-64? Which one is correct?<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level2 lfo1"><span style="font-size:14.0pt">IRS hostility to trust modifications<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level2 lfo1"><span style="font-size:14.0pt">Consent to trust modifications compared to failure to object to trust modifications. Is this significant? What can be done about it?<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level2 lfo1"><span style="font-size:14.0pt">Valuation issues raised in the CCA: modification as a gift vs. actual reimbursement as a gift, can you calculate the value of this gift, does section
2702 apply, who is the donor<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level2 lfo1"><span style="font-size:14.0pt">Reactions: How do we plan around this? Put reimbursement clauses in from the beginning? State law solutions?<o:p></o:p></span></li></ol>
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<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">I am looking for <b>volunteers to lead discussions of c, d, e, f, and g, preferably two people for each of these topics</b>, and I would be very happy to pair new faces with long-time committee members. If
you have an interest in helping to lead any of these discussions (or if I can twist your arm to do so), please send me an email! I am not anticipating that you would need to prepare any materials (unless you have materials you have already written that you
would like to share).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Thank you and see you in Phoenix!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Beth <o:p></o:p></span></p>
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<td style="font-family:Arial;">Beth Shapiro Kaufman<span style="font-family:remialcxesans;font-size:1px;color:#FFFFFF;line-height:1px;"><span style="font-family:'template-E6q0-dVGEey2VgANOhMDEQ';"></span><span style="font-family:'zone-1';"></span><span style="font-family:'zones-AQ';"></span></span> </td>
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<td style="font-family:Arial;"><span dir="ltr" style="direction:ltr;">T: <a href="tel:(202)%20753-3787" target="_blank" id="LPlnk689713" style="text-decoration:none;color:#000001;">(202) 753-3787</a></span></td>
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