Wills, Trusts, and Estates
All the great features you've come to expect in previous editions are here! Along with expertly selected cases, this superb revision delivers comprehensive coverage and a flexible organization with chapters that can be easily rearranged or omitted to fit every instructor's preferences. Written with the lively intelligence that has made this book so popular, "Wills, Trusts, and Estates", Sixth Edition provides exactly what a course in estates and trusts should offer to students: engaging lessons in thinking critically about problems in family wealth transmission.
The Distinctly Different Casebook
-- Clear, concise text -- combined with witty and insightful notes -- make this a casebook that students love to read
-- Cases that hold students' interest, illustrate concepts, and make the material extremely accessible -- evidence of the authors' legendary talent for selecting effective cases
-- Comprehensiveness and flexibility of coverage give you the freedom to choose precisely which material you want to teach -- and in the topic sequence that you prefer
-- Solid, practical models of wills and trusts help students build the competence they will require as practitioners in the estates and trusts field
-- Brilliant problems and questions encourage and guide students in considering and comparing alternative solutions to problems in family wealth transmission
-- An examination of historical roots, where appropriate, gives students a better understanding of some peculiarities of modern law and of the continuing growth of the law
-- An outstanding Teacher's Manual contains answers to all problems and offers additional insights on cases
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tion of investment authority, and use of the total return concept in investing
endowment funds. Studies of the legal authority and responsibility for the
management of the funds of an institution have pointed up the uncertain state of
the law in ...
After an initial briefing by a lawyer and consultation with A, an investment adviser,
T decides to invest the bulk of the trust estate in several mutual funds. After a
discussion of various types of funds and their characteristics, including the
The funds are effectively under the control of the beneficiary, which is enough to
put them into the gross estate. Whether the lever is a single-clutch or double-
clutch mechanism can't matter. Imagine a trust divided into 1,000 equal funds ...