Purposes of the College
The purposes of The American College of Trust and Estate Counsel (“College”) are to maintain an association, international in scope, of lawyers skilled and experienced in the practice of trust and estate law (which for all purposes of these Bylaws shall include one or more of the following related practice areas: preparation of wills and revocable and irrevocable trusts; probate; trust, guardianship and conservatorship administration; transfer taxation planning and administration; integration of asset protection planning with the aforementioned practice areas; fiduciary income taxation; incapacity planning; elder law; employee benefit planning; donative planning; charitable planning, advising exempt organizations; and probate, trust, and protective proceedings litigation); to improve and reform probate, trust, and tax laws, procedures, and professional responsibility; to bring together qualified lawyers whose character and ability will contribute to the achievement of the purposes of the College; and to cooperate with bar associations and other organizations with similar purposes. The College is a nonprofit nonstock corporation organized under the laws of the State of Delaware. The College is not organized for profit and no part of its net earnings will inure to the benefit of any member or individual. On dissolution, all assets of the College will be distributed to The American College of Trust and Estate Counsel Foundation (or any successor thereto), if it is then in existence and is then organized and operated exclusively for educational or charitable purposes within the meaning of sections 501(c)(3) and 170(c)(2)(B) of the Internal Revenue Code, and otherwise one or more organizations that are organized and operated exclusively for educational or charitable purposes within the meaning of sections 501(c)(3) and 170(c)(2)(B) of the Internal Revenue Code, as determined by the Regents. The College shall encourage women, racial and ethnic minorities, lesbian, gay, bisexual and transgender persons and persons with special needs who are prospective candidates for election to the College to qualify for nomination and, if elected, to participate meaningfully in the activities of the College. The College shall foster and maintain a welcoming and inclusive environment for all persons.