Theodore E. Calleton

Theodore E. Calleton, was a partner at CMDB prior to retiring in 2014. In addition to his long list of professional accomplishments spanning more than 50 years, Ted was active in North American and European mountaineering, climbing in Switzerland and Austria and making one of the earlier assents of Mt. McKinley. He also made Yosemite wall climbs such as the Royal Arches and Washington Column, and climbed numerous Sierra peaks as well as Mt. Ranier. In retirement, his mountaineering is limited to making mountains on his model railroad.

Theodore E. Calleton

EDUCATION

Bachelor of Arts, Yale University, 1956

LL.B., Columbia University, 1962

PROFESSIONAL AFFILIATIONS

Lecturer:     

California Continuing Education of the Bar (1970-1994); Title Insurance and Trust Tax Forum; Wells Fargo Bank Estate Planning Forum; Practicing Law Institute, New York (1976-87); U.S.C. Tax Institute (1972, 1976, 1990); Cal. State L.A., Tax Seminar (1974-1993); Seattle Estate Planning Institute; ALI-ABA Study Institutes; UCLA-CEB Estate Planning Institutes (1982, 1983, 1985, 1990; 1996); California C.P.A. Society Institutes; Center for CLE Seminars; Lecturer in Law: University of Southern California M.B.A. in Taxation Program (1979-80), Golden Gate Law School Masters in Taxation Program (1997-99 ); Adjunct Professor of Law, Loyola Law School (2001 - 2007).

Other Legal:  

Member, Board of Advisors UCLA/CEB Estate Planning Institute (1979- ). Chairman, Tax Section (1980-1981) and Chairman, Probate & Trust Law Section (1981-82) L.A. County Bar Association. Fellow, American College of Trust and Estate Counsel (1974 - ); Academician, International Academy of Estate and Trust Law (1975- ).

Publications:  

Co-Author, Tax Planning for Professionals, (Warren, Gorham & Lamont, 1985 )

Co-Author, California Estate Planning, (California Continuing Education of the Bar, 2006)

Co-Author, Drafting California Revocable Trusts, (4th Ed. California Continuing Education of the Bar, 2003)

Co-Author, California Will Drafting, (California Continuing Education of the Bar, 1982)

Co-Author, “The Beneficiary Directed Trust,” 2002 N.Y.U. Tax Institute (Matthew Bender, 2003)

Co-Author, “Grantor Trusts,” Estate Planning 1996, (UCLA-CEB, 1996)

Co-Author, "Probate Litigation", Estate Planning 1990, (UCLA-CEB, 1990)

Author, A Life Insurance Primer, California Continuing Education of the Bar, 1978.

Author, The Short Term Trust, Tax Management Portfolio #251-2d, Tax Management, Bureau of National Affairs, 1977.

Author, Calleton's Wills and Trusts, Expert Legal Drafters, 1993-2003

Author, "Uses and Abuses of Life Insurance in Estate Planning", Major Tax Planning, (Matthew Bender and Co., 1990.)

Author, "Postmortem Planning Problems - Valuations, Disclaimers, Redemptions, ESOPs and Statutory Deferral of Estate Tax", ALI-ABA Course of Study --Planning Techniques for Large Estates, November, 1985.

Author, "Gift and Estate Planning for Minors and Younger Generations", New York University, Fifth Annual Conference on Estate Planning, Institute on Federal Taxation, June, 1984.

Author, "Revocable and Irrevocable Trusts - A Primer", published by The Practicing Law Institute in 1981, 1982, 1984, 1985 and 1986 as part of "The Planning and Administration of a Large Estate" handbook.

Author, "Problems of Estate Tax Valuation", The Practicing Law Institute in 1981, 1982, 1984, 1985 and 1986 (in "The Planning and Administration of a Large Estate" handbook)

Author, "Determining Heirship", 1979 Probate Symposium, Los Angeles County Bar Association.

Author, "Dangers in Misuse of the Short Term Trust", 3 Estate Planning 200, Summer 1976.

Author, "Funding the Short Term Trust", "The Estates, Gifts and Trust Journal", Sept.-Oct. 1976.

Author, "The Irrevocable Life Insurance Trust", published by The Practicing Law Institute in 1976 as part of "Income Taxation of Estates and Trusts" handbook.

Author, "The Grantor Trust Rules, The Short Term Trust and Some Special Problems in its Use", The Practicing Law Institute, 1976, in the "Income Taxation of Estates and Trusts" handbook.

Author, "Pennies From Heaven, The Gift Tax Credit as An Asset", published in the "Proceedings of the 26th Annual Tax and Probate Forum", Title Insurance and Trust Company, 1974.

Author, "Estate Planning For The Surviving Spouse Under The Throwback Rules of The 1969 Tax Reform Act", Major Tax Planning For 1973 (Matthew Bender and Co., 1973)

Author, "Non-Pro Rata Distributions by Estates and Trusts", Trusts and Estates, May, 1970.

COMMUNITY CONTRIBUTIONS

Member, Board of Directors, Montessori Schools, Inc. (1964-68; Chair. 1966-68); Board of Directors, American Montessori Society (1967-72, Chair. 1969-72); Board of Trustees, Episcopal Children's Home of Los Angeles (1971-75); Arroyo Seco Master Planning Commission, Pasadena, CA (Chair. 1970-71); Board of Trustees, Walden School of California (1970-87, 1991-93; Chair. 1980-87; founding trustee); Trustee, Los Angeles Master Chorale (1989-94); Scoutmaster, Troop 73, Ft. Sill, Oklahoma (1958-59); Cubmaster, Pack 110, Sierra Madre, CA (1996-98); Advisor, Tournament of Roses Troop (1998-04, Scoutmaster Troop 2004); Director, San Gabriel Valley Council, BSA (2000-05); Vestry, Church of the Ascension, Sierra Madre, CA (2000 - 2002, 2007-2011; Sr. Warden 2008-11).

SPECIAL RECOGNITIONS

Ted is listed in Who's Who in the World, Who's Who in America, Who's Who in the West, Who's Who in American Law, and Who’s Who in American Education. He was listed by his peers as one of the “Best Lawyers in America” (Woodward, White) for over 20 years and was named one of the “Top 100 Superlawyers” in Southern California, by Los Angeles Magazine in 2006. He was the 1996 recipient of the Dana Latham Memorial Award of the Tax Section of the Los Angeles County Bar Association and was awarded the “Silver Beaver” for his service to Scouting in 2006.