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American College of Trust and Estate Counsel
3415 S. Sepulveda Boulevard
Suite 330
Los Angeles, CA 90034
310-398-1888
310-572-7280 (fax)
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| LEGISLATIVE & REGULATORY ANALYSIS: |
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ACTEC will periodically provide technical comment and expertise to the Congress, the Internal Revenue Service, and the Department of the Treasury in regard to proposed or existing regulations, forms or other administrative rulings. Examples of the range of comment are as follows. ACTEC Comments Concerning Expatriation Legislation - December 7, 2007 ACTEC Comments Concerning the Patentability of Tax Planning Methods - October 23, 2007
ACTEC International Estate Planning Committee Expatriation Subcommittee Comments Concerning Expatriation Legislation - October 10, 2007
ACTEC Endorsement of the Response by the Estate and Gift Tax Committee of the Real Property, Trust and Estate Law Section of the American Bar Association to the Request in IRS News Release IR-2007-127 on July 9, 2007 for comment on certain private letter rulings - October 9, 2007
ACTEC Comments on Proposed Regulations issued on the Application of Sections 2036 and 2039 to Grantor Retained Interest Trusts (REG-119097-05) on June 7, 2007 - September 5, 2007.
Request for Guidance on Granting First Spouse to Die a General Power of Appointment over the Surviving Spouse's Property. - August 10, 2007
ACTEC Request for Guidance Clarifying Reg. § 1.401(a)(9)-5, A-7(b) and (c) - August 10, 2007
Re: Pension Protection Act of 2006 - July 24, 2007
ACTEC Comments on Proposed Regulations issued under section 2053 (REG-143316-03) on April 23, 2007 - July 23, 2007
Re: Section 9100 Relief for Allocations of GST Exemption - July 16, 2007
ACTEC Request for Revenue Ruling on Granting First Spouse To Die a General Power of Appointment Over the Surviving Spouse's Property
- July 23, 2004
ACTEC Request for Published Ruling Clarifying Reg. § 1.401(a)(9)-5, A-7(b) and (c). - March 27, 2003
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| AMICUS CURIAE FILINGS: |
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ACTEC will selectively file amicus curiae briefs in those court cases which present issues of special significance to the legal profession or the public, or which can contribute to the advancement of improving and reforming probate, trust and tax laws and procedures. ACTEC participates only in those cases where the position sought to be advanced represents sound policy, regardless of the parties involved.
ACTEC Amicus Brief on the Kimbell Case - January 9, 2004 |
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| CONGRESSIONAL APPEARANCES / TESTIMONY: |
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| FINANCIAL ACTION TASK FORCE ON MONEY LAUNDERING (FATF): |
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FATF is an international, quasi-governmental organization which makes recommendations designed to combat international money laundering. Many of the FATF recommendations are directed at United States attorneys, particularly those with trust and estate practices, and those recommendations are often directly in conflict with United States attorneys client confidentiality requirements. ACTEC representatives are actively involved with FATF deliberations and provide invaluable input in trying to reconcile FATF recommendations with the ethical obligations imposed on US attorneys. The FATF Recommendations, and ACTEC’s commentary on those Recommendations are set forth below.
FATF Forty Recommendations |
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| FATF BEST PRACTICES DEVELOPMENT: |
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In an effort to avoid the imposition of burdensome FATF derived regulations governing United States attorneys, the Department of the Treasury asked ACTEC and the American Bar Association (ABA) to develop a set of best practices to create standards of practice under the FATF Recommendations. To date, only ACTEC has completed its drafting of these best practices standards. They are set forth below.
Recommendations of Good Practices for ACTEC Fellows Seeking to Detect and Combat Money Laundering. |
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