Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, June 21, 2017

New Edition of "McCouch's Federal Income Taxation of Estates, Trusts, and Beneficiaries in a Nutshell" Released

BookGrayson M.P. McCouch recently published a book entitled, McCouch's Federal Income Taxation of Estates, Trusts, and Beneficiaries in a Nutshell (2017). Provided below is a description of the book:

This comprehensive guide can serve either as a course supplement or as a refresher for members of the bar. Expert commentary summarizes the law and offers critical perspectives on the federal income taxation of estates, trusts, and beneficiaries, including the decedent’s final income tax return; classification of estates and trusts; income in respect of a decedent; distributable net income; simple and complex trusts; distributions; grantor trusts; charitable trusts; and foreign trusts. Additional chapters cover basic income, gift and estate tax concepts, accumulation distributions, and specially treated trusts.

June 21, 2017 in Books, Estate Planning - Generally, Estate Tax, Generation-Skipping Transfer Tax, Gift Tax, Income Tax, Trusts | Permalink | Comments (0)

Monday, June 19, 2017

I’m Dying Up Here: Books on How to Grieve and How to Die

LossJudith Newman, writing for the New York Times, reviews a number of books dealing with the very difficult subject of death. Each book reviewed offers a unique insight or perspective on dealing with the death of a loved one or dealing with one’s own mortality. In her final review, Newman highlights a woman dealing with a terminal disease and her probable demise. Newman’s final note on the subject states: “You can read a multitude of books about how to die, but Riggs, a dying woman, will show you how to live.”

See Judith Newman, I’m Dying Up Here: Books on How to Grieve and How to Die, The New York Times, June 16, 2017.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

June 19, 2017 in Books | Permalink | Comments (0)

Monday, June 5, 2017

Death Can Wait

ReinerCarl Reiner’s most recent book is suitably entitled “Too Busy to Die.” The 95-year old comedic legend thanks his vivid dreams as inspiration for his oftentimes zany ideas. Reiner, creator of “The Dick Van Dyke Show” and director of movies like “The Jerk” and “Dead Men Don’t Wear Plaid,” said in a recent interview that as long as his mind keeps popping, he will keep going. Reiner will be featured in an HBO documentary on Monday, June 5. The show features stereotype-shattering nonagenarians like Reiner and provides a look into the still-vibrant lives of individuals over 90.

See Dan Hyman, For Carl Reiner and His Fellow Nonagenarians, Death Can Wait, New York Times, June 2, 2017.

Special thanks to Lewis Saret (Attorney, Washington, D.C.) for bringing this article to my attention.  

June 5, 2017 in Books, Current Events, Elder Law, Film, Humor | Permalink | Comments (0)

Tuesday, April 25, 2017

Book on International Trust Laws

International trust lawsPaolo Panico recently published a book entitled, International Trust Laws (2d ed. 2017). Provided below is a summary of the book:

  • Compares trust law across a number of jurisdictions, providing the reader with references to offshore case law legislation and case law that is often inaccessible.
  • Covers law and practice in leading trust centres such as Jersey, Guernsey, the Cayman Islands, the Bahamas, and the Isle of Man, with examples drawn from a wealth of other jurisdictions including New Zealand, Dubai, Mauritius and the Cook Islands.
  • Provides detailed analysis of common law and the recognition and circulation of trusts in civil law jurisdictions where trusts are practised under the Hague Trust Convention.
  • Includes discussion of offshore and onshore trust jurisdictions.
  • The book can be used either with a focus on a particular jurisdiction, analyzing its trust law in relation to those of other jurisdictions; or with a focus on a particular topic, such as settlor's reserved powers, beneficiaries' rights to information, or protector's duties, illustrated by approaches from various trust jurisdictions.

April 25, 2017 in Books, Books - For Practitioners, Books - For the Classroom, Estate Planning - Generally, Trusts | Permalink | Comments (0)

Thursday, April 20, 2017

Book on Trusts & Estate Planning in Israel

Israel trusts and estatesAlon Kaplan recently published a book entitled, Trusts and Estate Planning in Israel (2016). Provided below is a summary of the book:

Trusts and Estate Planning in Israel traces the trust concept in Israel and its use for private and commercial purposes under current Israeli trust law. The creation of trusts by law, by contract, by Hekdesh deed (an Israel trust) and testamentary trusts are analysed. Estate planning using the Hekdesh or testamentary trust and its tax implications, public and charitable trusts are explored, and special attention is given to trust protectors, privilege and confidentiality, court jurisdiction, arbitration, taxation and foreign trust recognition.

April 20, 2017 in Books, Books - For Practitioners, Estate Planning - Generally, Trusts | Permalink | Comments (0)

Monday, April 17, 2017

Book on Statutes on Trusts & Estates

Selected statuteMark L. Ascher & Grayson M.P. McCouch recently published a book entitled, Selected Statutes on Trusts and Estates (2017). Provided below is a summary of the book:

This casebook statutory supplement meets the needs of students in basic and advanced courses on wills, trusts, decedents' estates, fiduciary administration, and future interests, providing a compendium of essential uniform act provisions and official comments. It covers a wide range of topics, including intestacy, wills, rules of construction, probate administration, nonprobate transfers, disclaimers, principal and income, prudent investments, perpetuities, trust formation and modification, spendthrift and discretionary trusts, trustee powers and duties, powers of appointment, and powers of attorney. The previous edition has been updated to include amendments to the Uniform Probate Code, the Uniform Custodial Trust Act, and the Uniform Power of Attorney Act.

April 17, 2017 in Books, Books - For Practitioners, Estate Administration, Estate Planning - Generally, Trusts, Wills | Permalink | Comments (0)

Saturday, April 15, 2017

Book on Estates in Land & Future Interests

5ed estateLinda H. Edwards recently published a book entitled, Estates in Land and Future Interests: A Step-by-Step Guide (5th ed. 2017). Provided below is a summary of the book:

Accessible and effective, Estates in Land and Future Interests: A Step-by-Step Guide is a user-friendly method for mastering a challenging area of property law.

In the Fifth Edition, Edwards highlights and clarifies key technical concepts in each chapter that can be confusing to many students. Similarly helpful, a new section at the end of most chapters reiterates specific terms and concepts that are indispensable to a thorough mastery of estates in land and future interests. Clear introductions, a host of visual aids, and the author’s process approach untangle and demystify every new term and transaction. Problem sets, study questions, and practice exercises—all available electronically for easy practice—actively engage students in learning estates in land and future interests, step by step.

Timely and innovative, Estates in Land and Future Interests features:

  • Complete, up-to-date coverage of the statutory and common law relevant to estates in land and future interests
  • Visual aids, text boxes, and smart teaching devices that illustrate and clarify estates in land and future interests—a potentially confounding topic within first year Property
  • A useful flow chart throughout the book that identifies the state of the title after a particular conveyance—to link estates to the future interests that follow them. (For easy reference, the complete chart appears on the inside back cover of the book.)
  • A process approach that describes transactions and analytical tasks as a sequence of manageable steps and stages
  • Lucid and succinct treatment, in a clean and uncluttered page design
  • Problem sets (with answers) and electronic practice exercises
  • Study Questions, with expanded explanations
  • A transparent organization that mirrors the coverage of estates and future interests in the leading property casebook
  • A Glossary of Terms in the appendix, for locating legal terms easily and quickly

April 15, 2017 in Books, Books - For Practitioners, Estate Planning - Generally | Permalink | Comments (0)

Wednesday, April 5, 2017

Book on Art Collecting Today

Art collecting todayDoug Woodham recently published a book entitled, Art Collecting Today: Market Insights for Everyone Passionate About Art (2017). Provided below is a summary of the book:

Grounded in real-life stories, Art Collecting Today is the essential practical guide to today's art market. A lightly regulated industry with more than sixty billion dollars of annual sales, the art market is often opaque and confusing to even the most experienced collectors. But whether a seasoned collector, an uninitiated newcomer, or an art-world insider, readers will learn within these pages how the art marketplace works in practice and how to navigate it smartly. Those who may have been put off by art-world practices will finally feel they have the knowledge needed to participate freely and fully, and collectors will be able to pursue their passion with more confidence.

Important topics covered include:

  • How to evaluate, buy, and sell art while avoiding costly mistakes and time-consuming roadblocks
  • How the market works in practice for essential artists like René Magritte, Christopher Wool, Amedeo Modigliani, and Yayoi Kusama
  • How collectors can be taken advantage of, and the actions they should take to protect themselves
  • Why tax laws in the United States reward "art investors" yet penalize "art collectors"
  • How cultural property laws impact the market for works by such artists as Frida Kahlo and Andy Warhol
  • Advice for new and prospective collectors

Informed by close to one hundred interviews with collectors, lawyers, art advisors, gallerists, and auction specialists in the United States and Europe, as well as by the author's own experiences, Art Collecting Today offers a lively and thought-provoking analysis of the day-to-day workings at play today in the fine art marketplace.

April 5, 2017 in Books, Books - For Practitioners, Estate Planning - Generally | Permalink | Comments (0)

Saturday, April 1, 2017

Book on Estates in Land & Future Interests

Estates in landLinda H. Edwards recently published a book entitled, Estates in Land and Future Interests: A Step-by-Step Guide (5th ed. 2017). Provided below is a summary of the book:

Accessible and effective, Estates in Land and Future Interests: A Step-by-Step Guide is a user-friendly method for mastering a challenging area of property law.

In the Fifth Edition, Edwards highlights and clarifies key technical concepts in each chapter that can be confusing to many students. Similarly helpful, a new section at the end of most chapters reiterates specific terms and concepts that are indispensable to a thorough mastery of estates in land and future interests. Clear introductions, a host of visual aids, and the author’s process approach untangle and demystify every new term and transaction. Problem sets, study questions, and practice exercises—all available electronically for easy practice—actively engage students in learning estates in land and future interests, step by step.

Timely and innovative, Estates in Land and Future Interests features:

  • Complete, up-to-date coverage of the statutory and common law relevant to estates in land and future interests
  • Visual aids, text boxes, and smart teaching devices that illustrate and clarify estates in land and future interests—a potentially confounding topic within first year Property
  • A useful flow chart throughout the book that identifies the state of the title after a particular conveyance—to link estates to the future interests that follow them. (For easy reference, the complete chart appears on the inside back cover of the book.)
  • A process approach that describes transactions and analytical tasks as a sequence of manageable steps and stages
  • Lucid and succinct treatment, in a clean and uncluttered page design
  • Problem sets (with answers) and electronic practice exercises
  • Study Questions, with expanded explanations
  • A transparent organization that mirrors the coverage of estates and future interests in the leading property casebook
  • A Glossary of Terms in the appendix, for locating legal terms easily and quickly

April 1, 2017 in Books, Books - For Practitioners, Books - For the Classroom, Estate Planning - Generally | Permalink | Comments (0)

Thursday, March 30, 2017

Book on Uniform Trust & Estate Statutes

Uniform trust and estateThomas P. Gallanis recently published a book entitled, Uniform Trust and Estate Statutes (2017). Provided below is a summary of the book:

This statutory supplement is ideal for use in basic and advanced courses in wills and trusts and for practitioner reference. The 2017-2018 edition includes the updated text and official comments of the Uniform Probate Code, Uniform Trust Code, and more than a dozen other acts relating to the field of trusts and estates, including the Uniform Trust Decanting Act, Revised Uniform Fiduciary Access to Digital Assets Act, Uniform Powers of Appointment Act, Uniform Principal and Income Act, Uniform Prudent Investor Act, Uniform Custodial Trust Act, Revised Uniform Anatomical Gift Act, Uniform Prudent Management of Institutional Funds Act, Uniform Parentage Act, Uniform Premarital and Marital Agreements Act, Uniform Health-Care Decisions Act, Uniform Simultaneous Death Act, Uniform Transfers to Minors Act, Model Marital Property Act, Model Protection of Charitable Assets Act, and the amendments to the Uniform Fraudulent Transfer Act which is now renamed the Uniform Voidable Transactions Act. The book includes relevant provisions of the Restatement Third of Trusts and Restatement Third of Property, as well as selected prior versions of sections of the Uniform Probate Code and Uniform Principal and Income Act. The book is ideal for teaching basic and advanced courses in wills and trusts. It is also ideal for practitioner reference.

March 30, 2017 in Books, Books - For Practitioners, Estate Planning - Generally, Trusts | Permalink | Comments (0)